Mortgages of the week - 25th November 2003

Short Term Fixed Rate

The Britannia Building Society is currently offering a fixed rate for two years at 4.19%. 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%. 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%, 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%, with a free valuation up to £500,000, and an arrangement fee of £295.

Cashback

The Scarborough Building Society is offering a mortgage that gives 10 percent cashback on the amount borrowed, at a rate of 6.49%, 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% until the 31st December 2005 with valuation fee of £225 and arrangement fee of £200.

Remortgage

For those looking to remortgage, the Chelsea Building Society is offering a three year discounted scheme, with a free valuation and no arrangement fees.

Tracker

This week's best tracker deal comes from the Abbey, at base rate minus 0.2%, currently equating to 3.55%, 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.