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Trevor Irons - Independent Mortgage Advice
Residential Mortgages - Best-buys - Week Commencing 10 October 2008
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My weekly review of all mortgage products available indicate the following best-buys. All examples are for two-year schemes for an average mortgage (£108,000 against a property value of £180,000), repayable over 25 years.

"Best buys" are determined by overall cost over the two-year period. Invariably there will be mortgage products available with lower rates, however their overall cost will be greater due to higher associated fees. You may see lower rates published in the Sunday Times and other papers but I have quoted the schemes with the lowest overall cost.

Rate
Expiry

Subsequent
Rate

Lender
Fee
Valuation
Fee

Total Cost
Two years

Overall Cost for Comparison
Monthly
Repayment

Early Repayment
Fee

 
Purchase
6.25
31/11/10
6.49
0
225
17,349
6.7 APR
715
3% of loan to be paid until 31/11/10
Re-mortgage
5.74
02/01/11
7.09
499
0
16,790
7.1 APR
679
3% of loan to be paid until 2/01/11
Buy-to-let purchase
6.99
31/01/11
6.74
595
415
19,373
7.2 APR
763
5% of loan to be paid until 31/01/2011
Buy-to-let re-mortgage
5.99
31/01/11
6.74
2,700
415
19,360
7.1 APR
695
5% of loan to be paid until 31/01/2011
Tracker/Discount
5.59
Lifetime
5.59
0
325
16,417
5.8APR
696
1% of loan to be paid until 31/01/12

Please call or email if you would like further details or to enquire about mortgages to suit your personal circumstances

For a no-obligation initial consultation call me on 01626 200305

There may be a fee for mortgage advice. The exact amount will depend on your circumstances, but we estimate it to be 0.2%. Your home may be repossessed if you do not keep up repayments on your mortgage or any debt secured on it.

Trevor Irons is a fully qualified authorised associate of Mortgage & Finance Solutions Ltd. Mortgage & Finance Solutions Ltd is an independent mortgage proposition and is an appointed representative of The Mortgage Times Group Limited, 279 Tottenham Court Road, London, W1T 7RJ. The Mortgage Times Group is authorised and regulated by the Financial Services Authority (303007).

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