All figures are subject to revision but are current at time of going to press.
Based on purchase price of £150,000 with a mortgage required of £100,000 over a term of 25 years.
Higher lending charges may apply if you are borrowing a high percentage of the property value.
| Product |
Initial Rate |
Rate Reverts to |
APR |
Product Details |
| Cashback |
- |
- |
- |
|
| Buy to Let Fixed Rate Mortgage |
6.33% for five years |
Bank of England base rate plus 1.45%, currently 6.45% for the rest of the term |
The overall cost for comparison is 6.8% APR |
- Early repayment charges apply if you repay all or part of the mortgage within the fixed rate period
- Free valuation up to a cost of £340
- Arrangement fee payable of £899 (can be added to loan)
- The lender will pay for the legal work if you meet the legal fees paid criteria. If this is not applicable, they will give £200 towards the legal fees.
|
| Long Term Fixed Rate |
5.99% until 31/07/2013 |
Lenders standard variable rate, currently 7.25% |
The overall cost for comparison is 7.1% APR. |
- Early repayment charges apply if you repay all or part of the mortgage during the fixed rate period.
- Free valuation and free standard legal work
- Arrangement fee payable of £699 (can be added to the loan).
|
| Short Term Fixed Rate |
6.14% until 02/08/2010 |
Lenders standard variable rate, currently 7.34% |
The overall cost for comparison is 7.5% APR. |
- Early repayment charges apply if you repay all or part of the mortgage during the fixed rate period.
- Free valuation (up to a maximum of £1,190)
- Free standard legal work.
- Arrangement fee payable of £999 (can be added to the loan).
|
| Long Term Discount Tracker |
Variable rate with a discount of 0.95%, currently 6.39% |
Lenders standard variable rate, currently 7.34% |
The overall cost for comparison is 7.4% APR. |
- Early repayment charges apply if you repay all or part of this mortgage within the tracker period.
- Free standard valuation up to a cost of £460
- Free standard legal work
- Arrangement fee payable of £695
|
| Short Term Tracker |
Bank of England base rate plus 1.25%, currently 6.25% for 2 years, which will not go below a floor of 3.43% |
Lenders standard variable rate, currently 6.74% |
The overall cost for comparison is 7.0% APR. |
- Early repayment charges apply if you repay all or part of this mortgage within the tracker period.
- Free standard valuation and free standard legal work
- Arrangement fee payable of £599 (can be added to the loan).
|
Your home may be repossessed if you do not keep up repayments on your mortgage.
mortgage talk's typical fee for arranging your mortgage is £99, however depending on your circumstances, a fee of up to 1.5% of the mortgage amount may be charged.