60 percent mortgage deals

Overall cost for comparison 3. More info. Enquire Continue online. Speak to an expert mortgage adviser on or check which deals you qualify for online.

How much will my monthly payments be ?

The overall cost for comparison is 4. Overall cost for comparison 4. Early repayment charge: 0. Early repayment charge: 2. The overall cost for comparison is 5. Overall cost for comparison 5. When compiling our best buy tables we compare the best mortgage rates from across the UK market, including deals that are exclusive to us. It's important to remember that the best mortgage deals are not necessarily about getting the lowest mortgage rate possible, you also need to take into account all the fees and charges associated in setting up your new mortgage deal.

Our best buy tables above show you the mortgage deals currently available, both fixed rates and variable rates, whether you are looking to purchase or remortgage to a better deal. Read our reviews. If you need to take out a mortgage, the huge choice of deals available combined with lots of confusing jargon can be enough to make anyone nervous.

What types of mortgage deals are available? There are several different kinds of mortgage to choose from. Here are the main types of deal and how they work: Fixed: With a fixed rate mortgage , you sign up to a set rate for a certain period of time, usually ranging from two to five years, although it is possible to lock into longer term fixed rate deals too.

Fixed rate mortgages usually appeal to homebuyers who want certainty when budgeting. Tracker: This type of mortgage, as its name suggests, usually tracks the Bank of England base rate, plus a set percentage. The main advantage of a tracker deal is that when rates are falling you will benefit, but if and when rates start to rise, so will the cost of your payments. Offset: With an offset mortgage , you can offset any savings you have against the amount you owe on your mortgage, reducing the amount of interest you pay. You will still have access to your savings whenever you want.

Rates on offset mortgages can be slightly higher than on standard mortgages.

Compare Fixed Rate Mortgage Deals | MoneySuperMarket

Capped: A capped rate mortgage will have a variable rate, so your payments can go up or down, but the rate will never exceed a certain limit, or cap. For example, if a lender has a variable rate of 4. Discounted mortgage rates are variable, so if your lender raises or lowers their standard variable rate, your monthly payments will go up or down too.

Remember that with any of the types of mortgage deal outlined above, there will usually be a penalty to pay if you want to get out of a deal early. How do you know which mortgage rate or deal is right for you? For example, if you only have a small deposit to put down when buying a home, your choices will be more limited than if you have a larger deposit, as this means less risk for the lender.

Your mortgage options may also be restricted if you are self-employed.


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Typically, lenders will want to see at least three years of accounts if you work for yourself. If you are employed, but have only worked for your employer for a short period of time, this can also have an impact on the number of mortgages that might be available to you. The type of mortgage deal you can go for may also depend on the type of property you are buying. This will enable you to see whether there are any errors on your credit report, as well as giving you an idea of how likely you are to be accepted.

Even not being registered to vote at your address can have an impact on your credit score, so check you are on the electoral roll. There are usually two types of fee which are charged, an arrangement fee and a booking fee. The booking fee is basically a charge for you to reserve the particular deal you want. In some cases, it may be better to opt for a deal with a slightly higher mortgage rate and lower fees than one with a very high fee but lower rate, particularly if you are only applying for a small mortgage.

If you are taking out a large mortgage, however, then it might make more sense for you to go for a deal with a larger fee and a lower rate. Some products come with a free valuation which will help to keep the costs down. Additional considerations when looking for the right mortgage deal There are several other things you need to think about when choosing a mortgage. Length of mortgage How long do you want your mortgage to be? Remember that the shorter the mortgage term you choose, the less interest you will pay overall and the faster you will pay off what you owe, although your monthly payments will be more expensive than if you opt for a longer term.

When remortgaging, make sure you factor in how long you have already had your mortgage and reduce your term by that length of time. Deal term If you are signing up for a fixed, tracker, capped or discounted mortgage deal, think about how long you want to tie yourself in for. Mortgage deals will usually impose early repayment charges ERCs if you leave them before they finish, so if you think a move could be on the cards in a couple of years it probably makes more sense to lock into a two-year deal rather than a five-year one. Although most mortgage deals are portable these days, you will still have to go through the application process again to move your mortgage across to a new property, and if the amount you are borrowing is increasing, you may have to accept that part of your mortgage will be on a different rate.

Repayment or interest-only When you choose a repayment mortgage, your monthly payments go towards paying off the interest you owe and the capital you have borrowed. If you choose an interest-only mortgage, however, you only pay off the interest you owe each month, and none of the capital. Instead, you are supposed to pay into a savings plan each month, with the aim that this money can be used to pay off your mortgage at the end of the term.

This means that you have peace of mind your mortgage will definitely be repaid in full at the end of the term.

Fixed-rate mortgages

If you are set on going for an interest-only mortgage, you will usually only be able to get one if you have a very large deposit to put down if you are buying, or if you have a significant amount of equity in your property if you are remortgaging. Are UK mortgage rates going up? Interest rates are still at historic lows, so there has never been a better time to compare deals and get a mortgage, although many homebuyers and those who already own property are naturally worried about rates increasing in future.

The Bank of England first cut the base rate to 0.

Our best 60% LTV mortgage rates

Rates dropped even lower in August , when they were cut to 0. The MPC meets monthly to decide whether the base rate will move or not. But where will interest rates go next? Many experts believe that rates will remain low for the foreseeable future, with gradual increases over the coming years. Others believe that rates could even be cut again as Britain gradually negotiates its exit from Europe. Of course, no-one really knows exactly what the future holds for interest rates, but what is certain is that we should make the most of low mortgage rates and compare the best deals while they are available.


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When choosing a mortgage, you will therefore need to consider whether you would be able to afford higher monthly payments when interest rates do go up. This will also influence the type of mortgage you choose. Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.

A product fee is payable on application where applicable but is refundable should the mortgage not complete. If you intend to repay your mortgage in full at the end of the term through the sale of the mortgaged property, then you must hold enough equity to realistically afford your new property.


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The specific amount required will depend on where your new property is located. The Society cannot advise you on the suitability of any particular repayment strategy. If you have any questions regarding the suitability of a repayment strategy, you should speak to an independent financial advisor. You will need to make your own choice about which mortgage is suitable for you and we will not assess the suitability of that mortgage to your needs and circumstances.

You will not benefit from the protections offered by an advised service. This is called an execution only transaction. If you would like to receive advice from us please call into one of our branches find a branch or contact us on 50 50 It is your responsibility to ensure that you have sufficient funds to repay the amount borrowed on an interest only basis and where applicable any accrued interest at the end of the term. This could be using a savings or investment product, such as an endowment, pension or ISA, the sale of the mortgaged property or sale of other properties or a combination of these.

If you intend to sell the mortgaged property and this is your main residence, you must ensure that it is likely to provide you with enough funds to repay the loan and where applicable any accrued interest and allow you to buy another cheaper property. Whichever option you choose, you must review your plans regularly to make sure you are on track to pay off the mortgage and where applicable any accrued interest on or before the end of the mortgage term and make changes if necessary.

At some point during the term of the mortgage we'll contact you to check that your repayment strategy is still in place and that it is still reasonable to expect that your repayment strategy has the potential to repay the amount borrowed and if applicable any interest accrued under the mortgage at the end of the term.

Get a quick estimate of what your monthly payments will be for one of our mortgages. Interest Only mortgages With an interest only mortgage you will only make payments towards the interest on the amount you've borrowed. What does Leeds Building Society offer? On 12th September , we updated our interest only mortgage criteria. We've also changed our criteria for people who want to pay back their mortgage by selling their home and moving to a smaller one. The old criteria required a fixed amount of equity in the property, but the updated criteria takes into account regional differences in property prices.

When you apply, we need you to tell us whereabouts you'd like to downsize to at the end of your mortgage.

https://charretare.tk We'll then carry out a check to make sure your plan is plausible. We've changed the information below to reflect the criteria updates.