Mortgage Talk, the independent mortgage broker, highlights the week’s best mortgage deals
Short-term fixed rate
The Lambeth Building Society is offering a fixed rate until 1 October 2006 at 4.85% (APR 6.7%). There is a valuation fee of £200 and an arrangement fee of £440.
Long-term fixed rate
Derbyshire Building Society is offering a fixed rate deal to 30 September 2009 at 5.54% (APR 6.3%). There is a valuation fee of £180 and an arrangement fee of £350.
Short-term discount
Norwich & Peterborough is offering a two year discounted scheme at an interest rate of 4.84% (APR 6.3%), with a valuation fee of £225 and no arrangement fee. Subject to redemption penalties.
Long-term discount
Alliance & Leicester is offering a five-year discounted scheme, at a current rate of 4.84% (APR 6.3%), with a valuation fee of £280 and an arrangement fee of £395, without redemption penalties.
Cashback
Northern Rock is offering a variable-rate mortgage that gives a 9% cashback on the amount borrowed. The current rate is 6.84% (APR 7.1%), with no arrangement fee, but a £410 valuation fee. Subject to redemption penalties.
Buy-to-let
NatWest is offering a buy-to-let discount mortgage until 31 December 2006, currently at 5.44% (APR 7.2%) with a valuation fee of £225, an arrangement fee of £395 and no penalties.
Remortgage
The Woolwich has a two-year discounted scheme, currently at 4.89% (APR 6.6%), with a free valuation, free legal work and no arrangement fees.
Tracker
This week's best tracker comes from BM Solutions, with a two-year deal at base rate minus 0.5%. This equates to 4.25% (5.9% APR), and has a valuation fee of £265 and an arrangement fee of £699.
Terms and conditions apply. For full details contact Mortgage Talk on 0800 996 1111 or e-mail enquiries@mortgagetalk.co.uk.