Mortgage Comparison

Compare mortgages and find the best mortgage deals for you!

How do we help you find the best mortgage rates?

When you need to compare mortgages it can sometimes feel a little bit confusing. There are just so many mortgage deals available! That’s why we built our mortgage comparison robot to help guide your through the minefield of mortgage interest rates, fees and features.

Unlike the usual mortgage comparison sites, we take into account your personal situation to help filter out mortgage deals that you won’t be able to apply for. That way we can focus on giving you information on the single best mortgage for you!

Give it a try now, it’s free and only takes 5 minutes!

How does the mortgage finder work?

Tell us a little about who you
are and what you need

We instantly analyse Thousands
of the best mortgage rates

We show you the best mortgage
match and are ready to arrange
it for you

The vast majority of cases are handled free of charge! However, there are some more complex situations where a fee will need to be applied. We will ALWAYS let you know this UPFRONT and with no commitment on your part. Transparency is integral to our service.

Once the mortgage comparison is complete our award winning team of expert mortgage advisers are here for you

Answers any of your questions

Double check you have explored all options

Arrange your mortgage from start to finish

We Want Value! And We Want to Give it to you!

When we compare mortgages we focus on finding you the best overall value. The best mortgage rates may come with high fees which can lead to you paying more than you need to.

What are the ingredients for the Best Mortgage?

Mortgage comparison made simple, made modern, made for you

We’re really keen on the avoidance of headaches! The biggest mistake people make when arranging a mortgage is applying for a mortgage deal that they were never eligible for. We solve that by using technology to check that you and the lender are a match upfront and our team of experts will then talk you through any other options that might be a little less straightforward.

Enter Mortgage Information

Payment method

House price

Mortgage amount

Mortgage term

Years

Reason for mortgage

Mortgage type

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Lender	Initial Rate	Monthly Payment	Scheme Fees	True Cost

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Mortgage Breakdown
SET-UP FEES BREAKDOWN Arrangement Fee: £<% item.arrangementFeeTxt %> Valuation Fee: £<% item.valuationFee %> Booking Fee: £<% item.bookingFee %> Cashback: £<% item.cashback %> MORTGAGE OVERVIEW Property Value: £<% PropertyValueTxt %> Mortgage Amount: £<% MortgageAmountTxt %> LTV %: 50% Mortgage Term: <% MortgageTerm %> Years LENDER'S OVERVIEW Initial Monthly Payment: £<% item.initialMonthlyPaymentTxt %> Lender's Intro Rate: <% item.initialPayRate %>% Lender's Fee: £<% item.feesTotalTxt %> APRC: <% item.aprLenders %>%
Representative example: A mortgage of £<% MortgageAmountTxt %> payable over <% MortgageTerm %> years, initially on a fixed rate for <% item.initialPeriodMonths %> months at <% item.initialPayRate %>% and then on a following rate of <% item.standardVariableRate %>% for the remaining <% item.remainingMonths %> months would require <% item.initialPeriodMonths %> monthly payments of £<% item.initialMonthlyPaymentTxt %> and <% item.remainingMonths %> monthly payments of £<% item.followingMonthlyPayment %>. The total amount payable would be £<% item.totalAmountPayable %> made up of the loan amount plus interest (£<% item.totalInterest %>) and a booking fee of (£0) and arrangement fee of (£<% item.arrangementFeeTxt %>).
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Compare Different Types of Mortgage

Our Comparison Robot will need to know what Type of Mortgage Interest Rates and Products you are interested in so here is a quick summary of the major options. You can read more detail in our guide to the Different Types of Mortgages

How to Pay Back your Mortgage?

Repayment Mortgage:

This is the standard and most common way to pay back your mortgage. Just like a smaller personal loan, your monthly payments include the interest owed to the lender along with a payment to reduce the total amount owed. At the end of your mortgage term you won’t owe any further money to the lender and the property is all yours.

Interest Only Mortgage:

With this type of mortgage your monthly payments only cover the interest owed to the lender. This means your monthly payments will be much lower than with a repayment mortgage but, and it’s a big but, your mortgage balance will not get any lower over the term of your loan. This means that you will need to have another financial plan in place in order to repay your mortgage. This might include downsizing if you have a large and valuable property with plenty of equity, stocks and shares or pension funds.

Types of Mortgage Interest Rates

Fixed Rate:

This type of mortgage is the most popular as it provides peace of mind and stability. The interest rate is guaranteed not to change during the product period of the mortgage deal. Typically this period lasts between two and five years but longer options are often available. The longer the fixed rate period, the higher the interest rate payable tends to be, so there is a balance to be found between long term stability and cost.

Tracker Rate:

This type of variable rate mortgage has an interest rate that is typically linked to the Bank of England’s base rate. As a result, your payable interest rate can rise and fall each month which will mean your payments also move around. So you sacrifice some stability for the chance at getting a slightly cheaper overall mortgage. Tracker rates often have lower fees or initial interest rates compared to equivalent fixed rates.

Pros and Cons of Mortgages

Mortgages are a big commitment, so it is always a good idea to stop and reevaluate your decision to get one throughout the process of mortgage comparison. Here’s a reminder of the pros and cons of getting a mortgage.

Pros

A mortgage enables you to buy your own home rather than renting. They make home ownership more accessible - the vast majority of the population don’t have the required hundreds of thousands of pounds at their fingertips.
A mortgage is a cost-effective way to borrow large sums of money with interest rates tending to be lower than other forms of borrowing.
The mortgage market is very competitive and it offers a great choice of deals with an array of different products available from a host of lenders.
A mortgage can be flexible to fit in with your changing needs. For example, borrowers can move onto a fixed rate deal or pay the mortgage off early.

Cons

Mortgages are a long-term financial commitment, so they are not something to approach lightly.
Failing to keep up with repayments can result in the property being repossessed by the lender.
Overstretching yourself and taking out a mortgage with repayments you can’t afford, can have serious repercussions on other aspects of your life.
Mortgages incur additional fees such as set up costs, conveyancing costs and penalty fees to get out of your mortgage deal early. These fees should be included in your mortgage comparison.

Frequently Asked Questions

How do mortgages work?

A mortgage is a type of loan offered by banks and building societies to help with a property purchase. The amount of mortgage you need to borrow will depend on the size of your deposit for a property. You will need to borrow the remaining amount to reach the purchase price of the property you want to buy.

How much can I borrow?

Lenders mainly use a person’s income or a couple’s joint income to dictate how much they are willing to lend. It will also be determined by the purchase price of the property, your deposit amount and your monthly expenses.

How much deposit do I need?

You will need a minimum of 5% deposit. The more deposit you put in, the better the interest rates will be.

What influences your eligibility for a mortgage?

The following are the main factors used by lenders to assess your borrowing eligibility:

Your regular income
Your age
Credit history
Job history
Tenure of the property you are buying
Rejection of previous applications

How can I get a mortgage?

You can apply for a mortgage through a bank or building society directly or you can use a mortgage broker. You’ll need to have the following paperwork available: proof of identity, bank statements and recent utility bills.

Be prepared to answer some questions about yourself and your financial situation which the lender will use to calculate how much you can afford to borrow.

The lender will also run a number of checks to determine your financial situation. If your application is successful you will be sent a mortgage offer.

What mortgage do I need?

There are many types of mortgages. Before you start your mortgage comparison, determine which mortgage type you need.

First Time Buyer
A first-time buyer mortgage is for those who are buying a property in the UK for the first time. It usually includes deals and incentives to help people get on the property ladder, such as cashback or lower deposit requirements.

Remortgage
Remortgaging is the process of changing your existing mortgage to a new deal with your existing lender or a different lender, using the same property as security.

Second Mortgage
This is a secured loan taken out on your property, in addition to your first mortgage.It means you will have two mortgages on your home.

Buy-to-let Mortgage
This is a secured loan for people who want to invest in a property in order to rent it out to tenants.

How long should your mortgage term be?

Longer mortgage terms make monthly repayments cheaper, but will cost you more in total. The shorter your mortgage term is, the cheaper your mortgage will be overall because you’ll pay less interest.

You’ll need to decide on your mortgage term based on how much you can afford to pay in monthly repayments

Have some other questions?

Or would you like to just speak to an expert for free?