Find your best contractor mortgage.

A mortgage of £315,000 payable over 25 years, initially on a fixed rate for of 1.19% until 31/01/2022 with 26 payments of £1,218.27 and then on a variable rate of 4.24% for the remaining term with 274 payments of £1,666.26. The total amount payable would be £489,255.26 made up of the loan amount plus interest. The overall cost for comparison is 3.8% APRC representative. With £995 lender’s product fee being added to the loan.

A mortgage of £315,000 payable over 25 years, initially on a variable tracker rate of 0.74% above the Bank of England base rate currently 0.75% giving a current rate payable of 1.49% for 2 years and then on a variable rate of 4.24% for the remaining term would require 24 payments of £1,258.42 followed by 276 payments of £1,668.96. The total amount payable would be £492,720.04 made up of the loan amount plus interest. The overall cost for comparison is 3.9% APRC representative.

A mortgage of £315,000 payable over 25 years, initially on a fixed rate of 1.35% until 31/01/2022 and then on a variable rate which is 4.49% above the Bank of England base rate, currently 0.75%, giving a current rate payable of 5.24% for the remaining 23 years would require 26 payments of £354.38 and 274 payments of £1,375.50. The total amount payable would be £704,551.88. The overall cost for comparison is 4.9% APRC representative. This is based on the £1,795 lender’s arrangement fee being paid upfront. This is based on an interest-only mortgage where the monthly payments do not reduce the loan amount outstanding. The total amount to be repaid assumes that you pay off the amount borrowed as a lump sum at the end of the mortgage.

A mortgage of £315,000 payable over 25 years, initially on a Bank of England base rate currently 0.75%+ 0.43% tracker rate for 2 years at 1.18% currently (which will not go below a floor of 0.43%) and then on a variable rate of 4.24% for the remaining 23 years would require 25 payments of £1,212.99 followed by 275 payments of £1,662.53. The total amount payable would be £489,875.77 made up of the loan amount plus interest. The overall cost for comparison is 3.8% APRC representative. Based on the £999 lender’s arrangement fee being paid upfront.

A mortgage of £315,000 payable over 25 years, initially on a discount rate which is currently the lenders standard variable rate (SVR) of 5.69% currently with a discount of 4.30% for 2 years, giving a current rate of 1.39%. This would be followed by a variable rate which is 1.25% below the lenders standard variable rate, currently 5.69%, giving a rate payable of 4.44% until 30/09/2024. This is followed by the lenders standard variable rate, currently 5.69% for the remainder of the term. This would require 24 monthly payments of £1,243.58, followed by 34 monthly payments of £1,699.77, and 242 payments of £1,888.09. The total amount payable would be £546,903.88 made up of the loan amount plus interest. The overall cost for comparison is 4.8% APRC representative. This is based on the £999 lender’s arrangement fee being paid upfront.

A mortgage of £315,000 payable over 25 years, initially on a variable rate which is 0.43% above the Bank of England base rate, currently 0.75%, giving a current payable of 1.18% until 31/12/2021. This is followed by the lenders Standard Variable Rate, currently 4.24%, for the remainder of the term. This would require 25 monthly payments of £1,212.99 followed by 275 monthly payments of £1,662.53. The total amount payable would be £489,875.77 made up of the loan amount plus interest. The overall cost for comparison is 3.8% APRC representative. This is based on the £999 lender’s arrangement fee being paid upfront.