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We work with the UK’s leading contractor mortgage lenders to bring contractors more choice and better value.

Provider
Product Type
Initial Rate
Rate Ends
Cost for Comparison
Redemption Period
Calculate Monthly Payments
Provider:
Product Type:
First Time Buyer
Initial Rate:
BR + 0.74%
Rate Ends:
2 Years
Cost for Comparison:
3.3% APR
Redemption Period:
2 Years
Calculate Monthly Payments:
Calculate
A mortgage of £315,000 payable over 25 years, initially on a tracker rate which is 0.64% above the Bank of England base rate, currently 0.10%, giving a current rate payable of 0.84% for a period of 24 months. Followed by the lender’s variable rate which is 3.49% above the Bank of England base rate, currently 0.10%, giving a current rate payable of 3.59% for the remaining term of the mortgage. This would require 24 payments of £1,164.47 followed by 276 payments of £1,556.55. The total amount payable would be £460,790.08 made up of the loan amount plus interest. The overall cost for comparison is 3.3% APRC representative. This is based on the £1,999 lender’s application fee being paid upfront. This scheme comes with a free valuation for purchases.
Provider:
Product Type:
Offset
Initial Rate:
1.40%
Rate Ends:
30/06/2022
Cost for Comparison:
3.9% APR
Redemption Period:
30/06/2022
Calculate Monthly Payments:
Calculate
A mortgage of £315,000 payable over 25 years, initially on a fixed rate of 1.40% until 30th June 2022. Followed by a variable rate which is 0.50% below the lender’s standard variable rate, currently 4.49%, giving a current rate payable of 3.99% until 30th June 2025, followed by the lender’s standard variable rate, currently 4.49%, for the remaining term of the mortgage. This would require 26 payments of £1,245.05 followed by 36 payments of £1624.66, and 238 payments of £1,695.68. The total amount payable would be £496,675.33 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 arrangement fee being paid upfront. This scheme comes with a free valuation.
Provider:
Product Type:
Buy to Let
Initial Rate:
1.19%
Rate Ends:
31/05/2022
Cost for Comparison:
4.4% APR
Redemption Period:
31/05/2022
Calculate Monthly Payments:
Calculate
A mortgage of £315,000 payable over 25 years, initially on a fixed rate which is a rate of 1.19% until 31st May 2022. This would be followed by the lenders standard variable rate which currently is 4.74% for the remainder of the mortgage term. This would require 25 payments of £1,214.44 followed by 275 monthly payments of £1,741.89. The total amount payable would be £517,800.75 made up of the loan amount plus interest. The overall cost for comparison is 4.4% APRC representative. This is based on the £6,300 lender’s arrangement fee being paid upfront.
Provider:
Product Type:
Next Time Buyer
Initial Rate:
1.14%
Rate Ends:
30/06/2022
Cost for Comparison:
4.7% APR
Redemption Period:
30/06/2022
Calculate Monthly Payments:
Calculate
A mortgage of £315,000 payable over 25 years, initially on a fixed rate which is a rate of 1.14% until 30th June 2022. This would be followed by a variable rate which 1.25% below the lender’s standard variable rate of 5.69%, giving a rate of 4.44% until 30th June 2025. This is then followed by the lender’s standard variable rate of 5.69% for the remainder of the mortgage term. This would require 26 payments of £1,207.22 followed by 36 payments of £1,692.28 and finally 238 payments of £1877.15. The total amount payable would be £542,419.50 made up of the loan amount plus interest. The overall cost for comparison is 4.7% APRC representative. This is based on the £1,999 lender’s product fee being paid upfront. This scheme comes with a free valuation.
Provider:
Product Type:
Discount
Initial Rate:
1.39%
Rate Ends:
2 Years
Cost for Comparison:
4.8% APR
Redemption Period:
2 Years
Calculate Monthly Payments:
Calculate
A mortgage of £315,000 payable over 25 years, initially on a variable rate which is currently 5.69% with a discount of 4.30% for 24 months, giving a current rate payable of 1.39%. This would be followed by a variable rate of 4.44% for 36 months and a variable rate of 5.69% for the remaining term of the mortgage. This would require 24 payments of £1,243.58 followed by 36 monthly payments of £1,699.77 and a further 240 monthly payments of £1,886.78. The total amount payable would be £546,212.84 made up of the loan amount plus interest. The overall cost for comparison is 4.8% APRC representative. This is based on the lender’s £999 product fee being paid upfront.
Provider:
Product Type:
Tracker
Initial Rate:
BR + 0.74%
Rate Ends:
2 Years
Cost for Comparison:
3.3% APR
Redemption Period:
2 Years
Calculate Monthly Payments:
Calculate
A mortgage of £315,000 payable over 25 years, initially on a tracker rate which is currently 0.74% above the bank of England base rate currently 0.1% for a period of 24 months, giving a current rate payable of 0.84%. This would be followed by a variable rate of 3.59% for the remaining 276 months and would require 24 payments of £1,164.47 followed by 276 payments of £1,556.55. The total amount payable would be £460,790.08, made up of the loan amount plus interest. The overall cost for comparison is 3.3% APRC representative. This is based on the £1,999 lender’s product fee being paid upfront.

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