Find your best contractor mortgage.
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:
1.22%
Rate Ends:
31/03/2023
Cost for Comparison:
3.3% APR
Redemption Period:
31/03/2023
A mortgage of £315,000 payable over 25 years, initially on a variable rate of 1.22% until 31st March 2023 and then on lender’s variable rate which is currently 3.59% for remaining mortgage term. This would require 25 payments of £1,218.78 followed by 275 payments of £1,560.72. The total amount payable would be £461,187.50 made up of the loan amount plus interest. The overall cost for comparison is 3.3% APR representative. This is based on the £995 product fee being paid upfront. This scheme comes with a free valuation and comes with a £250 cashback.
Provider:
Product Type:
Offset
Initial Rate:
1.79%
Rate Ends:
31/03/2023
Cost for Comparison:
4.0% APR
Redemption Period:
31/03/2023
A mortgage of £315,000 payable over 25 years, initially on a variable rate of 1.79% until 31st March 2023 this is followed by a variable rate which is 0.50% below lenders variable rate, currently 4.49%, giving a current rate of 3.99% until 31st March 2026. This is then followed by lenders variable rate of 4.49% for the remaining term of the mortgage. This would require 25 payments of £1,303.17, followed by 36 payments of £1,631.83 and the finally 239 payments of £1,703.42. The total amount payable would be £500,686.94 made up of the loan amount plus interest. The overall cost comparison is 4.0% APR. This is based on £999 product fee being paid upfront. This scheme comes with a free valuation.
Provider:
Product Type:
Buy to Let
Initial Rate:
1.19%
Rate Ends:
31/03/2023
Cost for Comparison:
4.4% APR
Redemption Period:
31/03/2023
A mortgage of £315,000 payable over 25 years, initially on a variable rate of 1.19% until 31st March 2023 and then on lender’s variable rate which is currently 4.74% for remaining mortgage term. This would require 25 payments of £1,238.80, then followed by 275 payments of £1,778.88. The total amount payable would be £521,762.00 made up of the loan amount plus interest. The overall cost for comparison is 4.4% APR representative. This is based on the £6300 product fee being added to the loan, you will pay additional interest on this amount.
Provider:
Product Type:
Next Time Buyer
Initial Rate:
1.20%
Rate Ends:
31/01/2023
Cost for Comparison:
3.3% APR
Redemption Period:
31/01/2023
A mortgage of £315,000 payable over 25 years, initially on a variable rate of 1.20% until 31st March 2023 and then on lender’s variable rate which is currently 3.59% for remaining mortgage term. This would require 25 payments of £1,221.67 followed by 275 payments of £1,567.65. The total amount payable would be £ 462,056.77 made up of the loan amount plus interest. The overall cost for comparison is 3.3% APR representative. This is based on the £1,499 product fee being added to your mortgage, you will pay additional interest on this amount.
Provider:
Product Type:
Discount
Initial Rate:
1.52%
Rate Ends:
24 months
Cost for Comparison:
4.5% APR
Redemption Period:
24 months
A mortgage of £315,000 payable over 25 years, initially on a discount rate which is currently 4.99% with a discount of 3.47% giving a current rate of 1.52%for 24 months. This would be followed by a lender’s variable rate of 4.99% for the remaining term of the mortgage. This would require 24 payments of £1,262.76 followed by 276 payments of £1,792.70. The total amount payable would £527,778.94 made up of the loan amount plus interest. The overall cost for comparison is 4.5% APRC representative. This is based on £1,895 lender’s completion fee being paid upfront.
Provider:
Product Type:
Tracker
Initial Rate:
BR + 1.62%
Rate Ends:
2 Years
Cost for Comparison:
3.4% APR
Redemption Period:
2 Years
A mortgage of £315,000 payable over 25 years, initially on a variable rate of 1.62% above the Bank of England base rate which is currently 0.10%, giving a rate of 1.72% for 24 months. This is followed by a variable rate of 3,49% above the Bank of England rate, currently 0.10%, giving current rate payable at 3.59 for the remaining term. This would require 24 payments of £1292.62, this is then followed by 276 payments of £1,568.88. The total amount payable would be £465,273.76 made up of the loan amount plus interest. The overall cost for comparison is 3.4% APRC representative. This is based on a £999 application fee paid upfront. This scheme comes with a free valuation.