Find your best contractor mortgage.

A mortgage of £315,000 payable over 25 years, initially on a fixed rate of 1.35% until 30/09/2021 and then on a variable rate of 4.24% for the remaining 23 years would require 26 payments of £1,237.72 followed by 274 payments of £1,663.60. The total amount payable would be £490,862.39 made up of the loan amount plus interest. The overall cost for comparison is 3.8% APRC representative. With £1499 lender’s product fee being paid upfront.

A mortgage of £315,000 payable over 25 years, initially on a fixed rate of 1.49% until 30/09/2021 and then on a variable rate of 4.99% for another 3 years reverting to a variable rate of 4.74% for the remaining 20 years would require 26 payments of £1,258.32 followed by 36 payments of £1,788.28 followed by 238 payments of £1,751.30. The total amount payable would be £516,148.23 made up of the loan amount plus interest. The overall cost for comparison is 4.3% APRC representative. With £999 lender’s product fee being paid upfront.

A mortgage of £315,000 payable over 25 years, initially on a Bank of England base rate currently 0.75%+ 0.71% tracker rate at 1.46% rate until 31/08/2021 and then on a discounted rate of the lenders SVR currently 5.99% with a discount of 1.00%, giving a current rate payable of 4.99% until 31/08/2024, followed by a variable rate of 5.99% for the remaining 20 years would require 25 payments of £383.25 then 36 payments of £1,309.87 followed by 239 payments of £1,572.38. The total amount payable would be £749,883.39. The overall cost for comparison is 5.3% APRC representative. This is based on the £999 lender’s product fee being paid upfront and 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%+ 0.54% tracker rate at 1.29% currently until 30/09/2021 (which will not go below a floor of 0.54%) and then on a variable rate of 4.24% for the remaining 23 years would require 26 payments of £1,228.96 followed by 274 payments of £1,662.63. The total amount payable would be £489,868.85 made up of the loan amount plus interest. The overall cost for comparison is 3.8% APRC representative and based on the £999 lender’s product fee being paid upfront.

A mortgage of £315,000 payable over 25 years, initially on a discount rate which is currently 5.79% with a discount of 4.50% for 2 years, giving a current rate of 1.29% (which will not go below a floor of 0.99%). This would be followed by a variable rate of 5.79% for the remaining 23 years and would require 24 payments of £1,229.03 followed by 276 payments of £1,925.63. The total amount payable would be £563,714.60 made up of the loan amount plus interest. The overall cost for comparison is 5.20% APRC representative. This is based on the £999 lender’s completion fee being paid upfront.

A mortgage of £315,000 payable over 25 years, initially on a Bank of England base rate currently 0.75%+ 0.54 tracker rate at 1.29% until 30/09/2021 currently and then on a variable rate of 4.24% for the remaining 23 years would require 26 payments of £1,228.96 followed by 274 payments of £1,662.63. The total amount payable would be £489,868.85 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 product fee being paid upfront.