Looking for a Mortgage

Why bother with the high street unless they're the type of person that needs to do things face to face and accepts the higher costs ?

The Charcol site is good for seeing what's available - as are the tables from the Financial Services Authority

Daytona

There are websites which allow you to compare mortgages from a large number of providers - have a look at the sites below:

I did a quick comparison of a few mortgages using Excel the other month, where I found a value for the 'APR' that considered only the initial deal period. Nationwide's 2yr mortgages with the higher arrangement fee (fixed and variable) looked like the best deal I could find for the sample case of a 100k loan. I also found that for several lenders, I was unable to see how their advertised rate corresponded with the quoted monthly repayments. The information that lenders are required to provide is not much use, as it assumes you will stay with that mortgage product for the full term of the loan. The 'true cost' calculations that some websites provide might be useful, but I can't see how these are worked out. Certainly, the Nationwide mortgages didn't rank especially highly in the comparison sites I checked, despite apparently being the best option when I calculated it manually.

Joe

In message , Joe Kelleher writes

Be aware that lenders apply the accrued interest differently. If you rely on an inbuilt function in Excel then, for many lenders, you will get the wrong answer.