Best Mortgage Interest Rate Deals

Find the best deals today on mortgage rates

Finding the right mortgages can be time consuming and with mortgage rates at an all time low there excellent range of deals from the major lenders or via brokers.

Today's Cheapest Deals

• 1.99% - HSBC
• 2.09% - The Mortgage Works
• 2.19% - NatWest
• 2.29% - Cheltenham and Gloucester

Find the mortgage that best fits your needs

Our independent financial advisors compare mortgage rates & deals so you don't have to

Types of Mortgages

There are two styles of mortgage loans being repayment where you pay some of the loan off each month and at the end of the lending period there is no outstanding balance or an interest only mortgage where you only pay interest and the loan is never paid.

You can always see how much these are going to cost you by using one of the many mortgage calculators online.

Mortgage Offers

There are many deals and offers for new or remortgages to refinance an existing debt and these generally fall under the following categories: Variable rate - where the interest rate rises and falls generally in line with the Bank of England base rate, a Fixed rate - where the interest rate is fixed for a certain period of time and then goes back to a variable rate and Offset mortgages - these can be on a fixed or variable interest rate but the loan is offset against your other accounts such as a current or savings account - these types of mortgages can knock several years off the length of the loan but check the interest rate is competitive.

You can find the cheapest mortgage rates for your circumstances using our FSA approved financial advisers.

Current Mortgage Rates

Here are the current mortgage rates on offer in the market place today for standard variable products:

• Bank of England base rate 0.5%
• Halifax standard variable rate (SVR) 3.5%
• Nationwide SVR 3.99%
• HSBC SVR 3.94% (this does not track the BOE base rate)
• Barclays SVR 4.99% (via the Woolwich)
• Santander SVR 4.34%

Today you may need a higher deposit than in recent years and most of the best buys in the market have lower rates than these.

Other Information

The mortgage market lenders and specialist brokers are regulated in the UK by the Financial Services Authority who are the official organisation overseeing these companies and also have some excellent advice and guidance on financial arrangements. To find out how much you have to pay each month check out our new mortgage rate calculator that shows you the total loan repayments each month, for the length of the loan and how much interest you pay over the lifetime of the mortgage.