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Mortgages choices

You can use our tables to compare different mortgages from a range of providers.

The tables won't recommend which financial product you should buy, so never buy a product just on the basis of what you see here. If you don't understand how the kind of product you're looking for works, or if you're not sure whether it's suitable for you, then get advice before coming back to the tables.

The tables are comprehensive. A few companies have chosen not to provide us with data, and these are detailed on the tables. We don't insist that very small companies give us information on their products.

So that we can give you the most useful information on mortgages, please answer the following questions.



1. Are you:
Buying for the first time Moving home Remortgaging

2. Where is the property?

        
England Wales Scotland
Northern Ireland

3. Do you ONLY want to see mortgages available for 'Right to Buy' or 'Shared Ownership' schemes? To find out more about these schemes, click on the 'Help' button.

        
Yes – Right to Buy Yes – Shared Ownership (usually with a housing association) No

4. What is the purchase price of the property?

        

5. What is the (estimated) value of the property?

        

6. How much do you want to borrow?

        

7. Over how many years do you want to repay the mortgage? People often assume the 'standard' term is 25 years, but it can be for shorter or longer than this.

        

8. Do you want to see monthly payments for a repayment mortgage or an interest-only mortgage? For more information click on the 'Help' button.

        
Repayment Interest only

9. What type of mortgage interest rate do you want to look at? For more information click on the 'Help' button.

        
Fixed rate Capped rate Variable rate (incl. trackers and discounts)

10. How long would you like the initial period of the mortgage to last? (Select all the periods you want to include) For more information, click on the 'Help' button.

        
Up to 1 year 1-2 years 2-3 years
3-5 years 5-10 years 10 years +
Show all

11. Do you want to show mortgages with a tie-in period? For more information, click on the 'Help' button.

        
Only show mortgages with no tie-in period
Only show mortgages with no extended tie-in period
Show all

12. How would you like to sort your results?

       

Useful info


Help for question 1

Some mortgages are only available to certain types of borrowers.

Buying for the first time - you, and anyone you are buying with, have never owned a property before.

Moving home - you are an existing property owner and are moving, or you have owned a property in the past.

Remortgaging - you are arranging a new loan on your existing home, probably with a new lender, perhaps to borrow more money or to get a better deal.

Pick the option that matches your circumstances


Help for question 2

Not all mortgages are available in the whole of the UK. Mortgages available in Scotland are part of a different house-buying process and legal system to those available in the rest of the UK.

Some mortgages may also have other more local, geographical restrictions. Products like this are marked on the mortgage table as having restricted availability.


Help for question 3


Right to Buy

Tenants of local authorities and housing associations may qualify to buy their own home at a discounted price.


Shared Ownership

These schemes allow people to buy a share of a property, usually from a housing association or other registered social landlord, and pay rent on the remaining share.

Only select one of these options if you know you are buying a property under one of these schemes. You will severely limit the number of mortgages shown in the table if you pick one of these options by mistake.

Help for question 4

So that we can show you a table that closely matches your circumstances, please enter the price of the property. If you haven't found a property yet, enter an estimated figure.


Help for question 5

So that we can show you a table that closely matches your circumstances, please enter the (estimated) value of the property.


Help for question 6

So that we can provide you with information on monthly cost, please enter the amount you want to borrow. If you haven't found a property yet, enter an estimated figure.


Help for question 7

People often assume that the 'standard' mortgage term is 25 years, but you can choose a different term if it suits you and the lender agrees. With a shorter term you will have higher monthly payments, but you will pay less in total.

Don't choose a term that extends beyond the date you intend to retire unless you are absolutely sure that you'll have enough income in retirement to carry on meeting your mortgage payments.


Help for question 8

There are two basic ways to pay back your mortgage - here's how they work:

Repayment mortgage

With a repayment mortgage, you make monthly payments to your lender over an agreed number of years. Your payments cover the interest on the loan and also gradually pay off the whole amount you have borrowed (sometimes called the 'capital' or 'principal').

Will it pay off the mortgage?

Provided you make all the payments agreed with the lender, the whole loan will be repaid by the end of the term.

Is it for me?

Repayment mortgages will suit you if you want to be absolutely sure that your loan will be repaid at the end of the term.

Interest-only mortgage

With an interest-only mortgage, your monthly payments only cover the interest on the loan. They do not pay off any of the amount you have borrowed. This is why you also usually make separate payments into a savings scheme each month to build up a lump sum. The idea is to use the lump sum to pay off the whole amount you originally borrowed, in one go, at the end of the term.

You can use various types of savings schemes to build up the money you need: endowment policies, ISAs (individual savings accounts), personal pensions and other investment options.

At one time, most mortgage lenders checked that you had a suitable savings scheme set up, but these days many don't do this. They will often give you an interest-only loan and let you sort out how to repay it at the end of the term. The risk to the lender is small, as they can always sell your home to get back the money you owe. So it's important that you know how the mortgage will be repaid - don't assume the lender has sorted it out.

Don't forget that you can 'mix and match' by using a combination of interest-only and repayment methods to repay a mortgage loan.

Will it pay off the mortgage?

All interest-only loans involve some investment risk in building up a sum of money to repay the loan.

The savings scheme or investment rarely guarantees to provide enough to pay off the mortgage. It is your responsibility to make sure you have enough money to repay the loan at the end of its term.

As long as your investment grows as expected, the mortgage will be paid off. If the investment makes more than expected, you can repay the mortgage early or you will get a cash bonus after repaying your mortgage. If your investment grows more slowly, you may need to increase your monthly payments into it, top up your savings in other ways, or find an extra lump sum at the end of the term.

Is it for me?

Whether an interest-only mortgage suits you depends mainly on whether you're comfortable with taking the risk of repaying your mortgage with a savings scheme that is linked to the stockmarket. Investments used to build up a lump sum rarely guarantee that your loan will be paid off at the end. If you are not comfortable with this risk, a repayment mortgage is likely to be a better choice for you than an interest-only loan.


Help for question 9

There are different types of interest rate deals for mortgages. Click here to see a table explaining the different rate deals available.


Help for question 10

The initial period of the mortgage is the time for which the initial interest rate applies. You can select any number of options from those available. If you select a number of options which do not run in sequence, the gaps will be filled in for you, and you will see all time periods selected and any in between. If the product features more than two rate ‘steps’, you will need to refer to the product summary for full details of interest rates that apply over the term of the mortgage.


Help for question 11

A tie-in period is the length of time following completion of your mortgage for which early repayment charges apply. You can choose to only see products that have no tie-in, or no extended tie-in.


Help for question 12

You can use the drop down box to choose how you would like to sort your results. You can also change this selection once you get to your results.