Find your best contractor mortgage.

A mortgage of £315,000 payable over 25 years, initially on a fixed rate of 1.35% until 30/06/2021, and then on a variable rate of 4.24% for the remaining 23 years would require 24 payments of £1,243.61 followed by 276 payments of £1,674.61. The total amount payable would be £493,417.35 made up of the loan amount plus interest. The overall cost for comparison is 3.9% APRC representative. With £1,499 lender’s product fee being added to the mortgage.

A mortgage of £315,000 payable over 25 years, initially on a fixed rate of 1.64% until 31/06/2021 and then on a variable rate of 4.24% for the remaining 23 years would require 26 payments of £1,280.63 followed by 274 payments of £1,668.20. The total amount payable would be £493,292.18 made up of the loan amount plus interest. The overall cost for comparison is 3.9% APRC representative. This is based on the £999 lender’s product fee being paid upfront.

A mortgage of £315,000 payable over 25 years, initially on a fixed rate of 1.47% until 31/07/2021 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 25 payments of £385.88 and 275 payments of £1,375.50 . The total amount payable would be £705,365.50. The overall cost for comparison is 4.9% APRC representative. This is based on the £1,795.00 lender’s application 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 fixed rate of 1.35% until 30/06/2021 and then on a variable rate of 4.24% for the remaining 23 years would require 24 payments of £1,237.72 followed by 276 payments of £1,666.76. The total amount payable would be £491,591.31 made up of the loan amount plus interest. The overall cost for comparison is 3.8% APRC representative. With £1,499 lender’s product fee being paid upfront.

A mortgage of £315,000 payable over 25 years. A variable rate, currently 5.79%, with a discount of 4.50% giving a current rate payable of 1.29% for a period of 24 months. After the discount rate ends the rate will revert to the lenders’ Standard Variable Rate, currently 5.79%, for the remaining term of the mortgage. The first 24-months would have a monthly payment of £1,229.03 and the remaining 276 months would cost £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 5.2% APRC representative. This mortgage has a £999 completion fee and a £500 valuation fee which is paid on application.

A mortgage of £315,000 payable over 25 years, initially on a Bank of England base rate currently 0.75% + 0.54% tracker rate for 2 years at 1.29% followed by the lenders’ Standard Variable rate of 4.24% for the remainder of the mortgage. The first 24-months would have a monthly payment of £ 1,228.96 and the remaining 276 months would cost £1,665.87. The total amount payable would be £491,630.43 made up of the loan amount plus interest. The overall cost for comparison is 3.9% APRC representative. This mortgage has a £999 product fee and a £200 valuation fee which is paid on application.