Low Rate Mortgage Compare

Our opinion: FIXED – This 2 year fixed mortgage from HSBC is part of their newly released Rate Matcher scheme. Customers can use an online calculator to find the best 2, 3 or 5 year fixed deal based on their personal circumstances. This particular mortgage will require a 40% deposit and has a £1,599 booking fee, however the cost of the booking fee payable will vary depending on the amount borrowed. There is an Early Repayment Charge payable for the length of the scheme period.

Leek United BS

3.39% September 2011 5.19% 5.2% APR 75%
Our opinion: FIXED – Leek United Building Society are offering an excellent short-term fixed product, the rate is 3.39% until September 2011. The fee is £1,495 and a 25% deposit is required. There will be an Early Repayment Charge payable until September 2011.

Market Harborough BS

3.45% October 2011 5.49% 5.2% APR 75%
Our opinion: FIXED – This product will require a 25% deposit, and has an arrangement fee of £1594. The provider will refund the valuation fee up to a value of £550. There will be an Early Repayment Charge payable until October 2011.

Chelsea BS

3.75% August 2011 5.79% 5.6% APR 75%
Our opinion: FIXED – The Chelsea Building Society are offering a 2 year fixed product, the rate is 3.75% and the fee is £995. It comes with a decent LTV of 75% and there will be an Early Repayment Charge payable until August 2011.

First Direct

2.98% Term 2.98% 3.2% APR 75%
Our opinion: TRACKER - A very competitive term tracker product from First Direct. The arrangement fee is £1499 and you can borrow up to 75% of the property’s value. The product is capped so the rate will not go above 4.99% until August 2012. There is no Early Repayment Charge payable with this product.

Alliance & Leicester

0800 051 0677
2.95% 2 Years 4.99% 4.8% APR 75%
Our opinion: TRACKER - This 2 year tracker product from Alliance & Leicester has a rate of 2.95%. A 25% deposit will be required and there is an arrangement fee of £499. The product is only available for loans between £25,000 and £250,000, and there will be an Early Repayment Charge payable until for the first 2 years of the mortgage.