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Mortgage Best Buys Beta

We aim to bring you the most powerful mortgage best buy table possible, including all deals available to brokers and crucially direct only

Unlike many other best buy tables we don't just include broker only mortgages, we also show you the direct deals. The only mortgages that might be available that we can't show are exclusives that are available to specific brokers.

deals too. And we don't promote 'featured commercial partners'.

Step-by-step help

Read our full
Free Printed guide to first-time mortgages

Step-by-step help

Read our full
Free Printed guide to Remortgaging

Details for your £120,000 mortgage on a property valued at £150,000 with an LTV of 80%

HSBC

HSBC 27mth Fixed:

Currently 1.44% with set-up fees of £928 and available on properties with a Max LTV of 85%.

The total amount payable is £177,931 and the overall cost for comparison is 3.4% APRC. What does this mean?

APR - What does this mean?

This is the official cost for comparison which is based on the average cost per year if you kept the mortgage for the entire 25 years and interest rate charged never changed. Most people will never actually pay this rate. For further reading see Martin's why mortgage APR's are meaningless blog.

Product specifics:

Fees

Application Fee:£650

Product Fee:£99

Valuation fee:£149

Other Fees: £30+

Cashback:£0

Flexibility:

Overpayments allowed?Yes (20%)

Early repayment charge:2% until 30-06-18, 1% until 30-06-19

Other Product Info:

Maximum LTV85%

Monthly Payment:£477

Subsequent Rate:3.69%

New mortgage details:

DETAILS:

Mortgage amount:£120,000

Deposit: £30,000

Expected property value:£150,000

Mortgage term (years):25 years

Initial Rate: 1.44%

Initial Rate period: DIRECT Premier + Adv Fixed til 30-06-19

Repayment method:Capital repayment

LTV:80%

Want this mortgage? What to do next.

This deal is only available if you apply directly to the lender, not via a broker.

Go direct?

If you are confident and just want to apply for this product, you can go straight to the lender.

Apply to HSBC

Visit HSBC* to start an application. GO*

Check with a broker?

Even though you can only apply directly for this deal, you can still use a broker to confirm it's the best deal for you, by comparing against other deals

Whole of market

Checks all deals available to brokers (not those available exclusively via lenders). Including:

Whole of market plus

A rarer type that also checks the direct-only deals and are more likely to charge a fee. They still cannot submit the application for this deal for you but will handhold you through the process. Like telephone-based Which? Mortgage Advisers. They charge £400 (£300 if a which? Member) but be aware some payable upfront when you apply.

Want to find a local face-to-face broker?

If you're unsure, or word-of-mouth hasn't yielded success, try:

And remember, as the old phrase goes... Your home may be repossessed if you do not keep up repayments on your mortgage.

The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

Calculations are rounded to the nearest £10

Mortgage data is provided by MortgageBrain, which primarily provide data and technology solutions to mortgage brokers.

Application Fee

Upfront fee paid on application to book the rate for you. Often not refundable if mortgage doesn't go ahead.

Product Fee

Fee to lender for setting up mortgage. If you pay upfront and mortgage doesn't go ahead you might lose it. Usually able to add it to loan to avoid this but overpay (if your lender allows) once the mortgage is set up to avoid paying interest on it.

Overpayments

This is a payment in addition to normal monthly payments. This is usually restricted by lender and carries heavy penalties if you breach the limit.

Early repayment charge

The penalty the lender can charge you if you exceed the overpayment limit or if you pay the mortgage off too early. Usually a percentage of the overpayment, it can be a flat rate or tiered with a bigger penalty the earlier in the mortgage term you incur it.

Cashback on completion

A lump sum from the lender when the mortgage has started. It is usually sent to your solicitor who will send to you. Beware, if you repay the mortgage when an early repayment charge still applies, you may need to repay the cashback as well.

Free Valuation

The lender requires a valuation of the property to be conducted by a provider on its panel.

Free legals

You need to do legal work to buy a home, some lenders provide this for free.

Maximum LTV

LTV = Loan-to-Value ratio which is the loan described as a % of the property price/value (whichever is lowest). Each product will have a maximum % of the property price/value you can borrow. Beware that your affordability assessment may prevent you from being able to borrow this maximum LTV.