Popular Mortgage Deals March 2020
Below are just a few of this month’s popular mortgage deals. Please get in touch with us to discuss any of these deals.
The actual rate available will depend on your circumstances. Ask for a personalised illustration.
This information is correct as at 05 February 2020 Please note if you are reading this after this date it is possible this rate is no longer available.
Remember to consider the whole package when selecting a mortgage and not just the interest rate. The important thing is getting the right deal for you overall and not necessarily the one which has the lowest interest rate.
Some buy to let mortgages are not regulated by the Financial Conduct Authority.
| Mortgage details | A residential mortgage of £400,000 for 25 years on a repayment basis | A buy-to-let remortgage of £300,000 for 25 years on a repayment basis | A residential remortgage of £400,000 for 25 years on a repayment basis |
| Max loan to value | 95% | 60% | 65% |
| Payment details | A fixed rate of 2.95% until 01 July 2025., which is 64 monthly payments of £1,886.46 |
A fixed rate of 1.24% until 31 March 2022, which is 25 monthly payments of £1,163.51
|
A fixed rate of 1.53% until 01 May 2025, which is 62 monthly payments of £1,605.39 |
| Followed by | 236 payments at a variable rate, currently 5.74%, of £2,389.00 | 275 payments at a variable rate, currently 5.09%, of £1,716.96 | 22 payments at a variable rate, currently 4.99%, of £2,182.57
216 payments at a variable rate, currently 4.74%, of £2,140.87 |
| Fees | £1,995.00 | £995 | |
| Incentives | One free valuation | One free valuation Free legal fees if using lender’s conveyancer. |
£500 cashback One free valuation |
|
Total amount to pay back
|
£685,112 | £503,682 | £611,439 |
| Overall cost for comparison | 4.6% APRC | 4.5% APRC | 3.5% APRC |
| Early repayment charge | Payable until 01 July 2025 | Payable until 31 March 2022 | Payable until 1 May 2025 |
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
Some buy-to-let mortgages are not regulated by the Financial Conduct Authority
