Short Term Fixed Rate
Accord Mortgages is offering a fixed rate until the 31st March 2007 at 4.74% (APR 6.6%). There is a valuation fee of £225 and an arrangement fee of £495 that can be added to the loan.
Long Term Fixed Rate
The Alliance & Leicester is offering a fixed rate deal until the 30th April 2010 at 4.89% (APR 5.5%). There is a valuation fee of £280 and an arrangement fee of £395 that can be added to the loan.
Short Term Discount
The Norwich & Peterborough is offering a two year discounted scheme at an interest rate of 3.79% (APR 6.4%), with a valuation fee of £225 and no arrangement fee, subject to redemption penalties.
Long Term Discount
First Active is offering a discounted scheme until the 30th April 2010, without redemption penalties, at a current rate of 4.75% (APR 5.5%), with a valuation fee of £165 and an arrangement fee of £399 that can be added to the loan.
Cashback
The Scarborough Building Society is offering ten year fixed rate mortgage that gives an 11% cashback on the amount borrowed. The rate is 6.99% (APR 7.3%), with an arrangement fee of £595 and a £235 valuation fee. The loan is subject to redemption penalties.
Buy to Let *
The Clydesdale Bank is offering a fixed rate buy to let mortgage to the 30th April 2007 at 5.25% (APR 6.8%), with a valuation fee of £210, an arrangement fee of £449 and no penalties.
Remortgage**
For those looking to remortgage, The Halifax is offering a tracker scheme until the 31st May 2007, currently at 5.14% (APR 6.6%), with a free valuation, free legal work and no arrangement fees.
Tracker
The week's best tracker is from the Abbey, with a two year deal at base rate minus 0.11%. This equates to 4.64% (6.6% APR), with a valuation fee of £260.
There is an arrangement fee of £499, which can be added to the mortgage.
All figures are subject to revision, but current at time of going to press.
