Leading independent mortgage broker Mortgage Talk highlights the week's best mortgage deals
Short-term fixed rate
Northern Rock is offering a fixed rate until 1 January 2007 at 4.69% (APR 6.5%). There is a valuation fee of £410 and an arrangement fee of £695 that can be added to the loan.
Long-term fixed rate
Derbyshire Building Society is offering a fixed rate deal until 30 November 2009 at 5.25% (APR 6.4%). There is a valuation fee of £205 and a £75 upfront fee; the arrangement fee of £275 can be added to the loan.
Short-term discount
Norwich & Peterborough is offering a two-year discounted scheme at an interest rate of 3.79% (APR 6.4%), 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 without redemption penalties, at a current rate of 4.84% (APR 6.3%), with a valuation fee of £280 and an arrangement fee of £395 that can be added to the loan.
Buy-to-let
The Scarborough Building Society is offering a three-year buy-to-let discount mortgage, currently at 5.49% with a valuation fee of £235, an arrangement fee of £395 and no penalties.
Tracker
This week’s best tracker comes from BM Solutions, with a two-year deal at Bank of England base rate minus 0.76%. This equates to 3.99% (5.8% APR), with a valuation fee of £265. There is an arrangement fee of £1,500, which can be added to the mortgage.
All figures are subject to revision, but current at time of going to press. For full details contact Mortgage Talk on 0800 996 1111 or e-mail enquiries@mortgagetalk.co.uk