Short Term Fixed Rate
The Britannia Building Society is currently offering a fixed rate for two years at 4.19% (APR 5.5%). The valuation fee is £150, with an arrangement fee of £499.
Long Term Fixed Rate
The Alliance & Leicester is offering a mortgage fixed until the 31st January 2009 at 5.15% (APR 5.8%). The valuation fee is a refundable £210, with an arrangement fee of £595.
Short Tem Discount
The Barnsley Building Society is offering a 2 year discounted scheme at an interest rate of 2.44% (APR 5.1%), with a refundable valuation fee of £195.
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, and an arrangement fee of £295, subject to redemption penalties.
Cashback
The Scarborough Building Society is offering a mortgage that gives 10 percent cashback on the amount borrowed, at a rate of 6.49% (APR 6.6%), fixed for ten years, with a valuation fee of £235, subject to redemption penalties.
Buy to Let *
The Nat West is offering a buy to let discounted mortgage at 3.99% (APR 5.9%) until the 31st December 2005 with valuation fee of £225 and arrangement fee of £200.
Remortgage**
For those looking to remortgage, the Abbey is offering a two year tracker deal at 4.05% (APR 5.6%), with a free valuation, free legal work and no arrangement fees.
Tracker
This week's best tracker deal also comes from the Abbey, at base rate minus 0.2%, currently equating to 3.55% (APR 5.5%), with a valuation fee of £250 and an arrangement fee of £299.
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 North's largest mortgage
broker - on 0800 28 11 58 or e-mail [email protected]
