Mortgage Comparisons

Different Mortgages and Lenders

Mortgage comparison – It’s really important to compare mortgages and rates. If you see what you think is a good mortgage deal, compare it to others on the market to make sure that it is.

Comparing is a little more complicated than simply looking at monthly repayments, you’ll need to take into account, fees, interest rates etc.

Comparing Mortgage Deals

A mortgage deal refers to a shorter time period. The mortgage as a product generally runs for 25 years but it can be less. A deal might last for 2-3 years in most cases, but it may be longer. When that deal runs out, the standard rate will apply. This is the rate set at the time, that coincides with the end of your deal. The deal will probably tie you in with early repayment charges to discourage you from looking elsewhere until the period comes to end.

When your deal period comes to an end, you will be able to look at comparisons again and go to another lender if you find a better deal but you might also want to first speak to your current lender and ask them if they can offer you something in-line with the new deal. Often they will put you onto another deal so as not to lose you as a customer. They’ll want to retain your business where possible. This is classed as a re-mortgage in either case. Remortgaging with the same lender is a simple process. Just one phone call is usually enough.

Before You Compare Mortgages

What type of mortgage would you like?

A repayment mortgage means that you pay off the amount you’ve borrowed and the interest as you go along. An interest only mortgage means that you only pay back the interest of the sum you’ve borrowed. Once you reach the end of your term, you’ll need to pay back the sum you borrowed.

A Mortgage Comparison can be made here.

Share this article:
Other recent news articles
1.9% percent summer price drop as stretched affordability begins to improve

1.9% summer price drop as stretched affordability begins to improve

Asking Prices –  Rightmove Data Rightmove’s latest data shows average new seller asking prices fall by 1.9% (-£7,012) this month...

Asking rents hit new record says Rightmove. Is now the time to buy?

Rental Properties Hit and All Time Price High Latest data from Rightmove says average asking rents for new tenants outside...
The mortgage market is still busy despite rising interest rates

The mortgage market is still busy despite rising interest rates

UK Mortgage Market Update The mortgage market is still busy despite rising interest rates. Enzo Mora CEO and founder of...
Speak to one of our mortgage experts
Enter your number below to schedule a callback with one of our team.*
Now choose your preferred day and time
Excellent service, highly recommended. Great communicators and very helpful for us as first-time buyers.
Always there to help with helpful and honest advice, would recommend to anyone. We are first time buyers and they really helped with simplifying all the jargon and giving us great advice.
Chris M
Great communication and customer service throughout the process.
A very helpful, trustworthy and straight,-talking service that got us the result we wanted.
First time buyer
Very informative personnel, happy to help and easy to communicate with. I would definitely recommend.
Excellent service! Couldn't ask for.more. thank you so much !!
Mr&Mrs Martin
Request a
call back
Preferred day*
Preferred time*

Arrange a callback

Please complete the form below and one of our specialist mortgage advisers will call you back.
Preferred day*
Preferred time*

We use cookies on this website. You are free to manage cookies settings via your browser at any time. To learn more about how (and why) we use cookies, take a look at our Privacy Policy.