Short Term Fixed Rate
The Bank of Ireland is offering a fixed rate until the First of May 2006 at 4.49% (APR 5.7%). The valuation fee is £240, with an arrangement fee of £299.
Long Term Fixed Rate
The Bank of Ireland is also offering a mortgage fixed until the 1st May 2009 at 4.99% (APR 5.0%). The valuation fee is £200, with an arrangement fee of £299.
Short Tem Discount
The Norwich & Peterborough Building Society is offering a 2 year discounted scheme at an interest rate of 2.74% (APR 5.3%), with a valuation fee of £225, and no arrangement fee, subject to redemption penalties.
Long Term Discount
The Nottingham Building Society is offering a 5 year discounted scheme at a current rate of 3.83% (APR 5.1%), with a free valuation up to £500,000, an arrangement fee of £295, and a cashback of £250, subject to redemption penalties.
Cashback
The Northern Rock is offering a mortgage that gives a 10% cashback on the amount borrowed, at a variable rate, currently 5.74% (APR 6%), with a valuation fee of £385 and an arrangement fee of £595, subject to redemption penalties.
Buy to Let *
The NatWest is offering a buy to let tracker mortgage currently at 4.39% (APR 5.5%) until the 31st December 2007 with no penalties or valuation fee and arrangement fee of £249.
Remortgage**
For those looking to remortgage, the Woolwich is offering a two year discounted deal at 4.04% (APR 5.6%), with a free valuation, free legal work and no arrangement fees.
Tracker
This week's best tracker deal comes from Accord, at base rate minus 0.1%, currently equating to 3.65% (APR 5.5%), with a valuation fee of £225 and an arrangement fee of £345.
All figures are subject to revision, but current at time of going to press.
Terms and conditions apply. Subject to status and availability. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
* There is no guarantee that it will be possible to arrange continuous letting of the property nor that the rental income will be sufficient to meet the cost of the mortgage.
**Your existing lender may impose penalties if you switch your mortgage to a new lender.
For full details contact Mortgage Talk - the UK's leading independent mortgage broker - on 0800 28 11 58 or e-mail [email protected]
