Tools: Best buys: Discount mortgages
2 year remortgage
| Provider | Product | Rate on which initial payments are based | Calculation applied to Early Redemption Charge | Fees payable on application or completion (based on £150k if %) | Maximum LTV for remortgage, house purchase or first time buyer | Apply |
|---|---|---|---|---|---|---|
| HSBC | 2yr 1.95% Discount LTV 60% Special Direct | 1.99 | 2/1% | 1499 | 60 |  |
| Leeds Building Society | 2yr 3.24% Discount LTV 75% Direct Only | 2.45 | 3/2% | 999 | 75 | |
| Hinckley & Rugby Building Society | 2yr 3.05% Discount LTV 75% | 2.59 | na | 990 | 75 | |
| Melton Mowbray | 2yr 2.40% Discount Offset LTV 75% | 2.59 | 3.25% | 998 | 75 | |
| Penrith Building Society | 2yr 1.50% Discount LTV 75% | 2.65 | 1.50% | 0 | 75 | |
| Norwich & Peterborough B.Soc. | 2 Year 2.30% Discount LTV 75% Direct | 2.69 | 2% | 795 | 75 | |
| Ulster Bank (NI) | 2yr 1.30% Disc R/M LTV 60% | 2.7 | 3% | 595 | 60 | |
| Principality Building Society | 2yr 2.25% Discount LTV 75% Direct | 2.74 | 3% | 0 | 75 | |
| Darlington Building Society | 2yr 3.20% Discount LTV 70% | 2.75 | 3% | 374 | 70 | |
| Market Harborough Building Society | 2yr 2.74% Discount LTV 80% Direct Only | 2.75 | 2% | 95 | 80 | |
Table list products with a term less than or equal to 2years suitable for remortgaging properties (not purchases), and with no tie-in period after rate change. Sorted by increasing initial rate payable.
2 year purchase
| Provider | Product | Rate on which initial payments are based | Calculation applied to Early Redemption Charge | Fees payable on application or completion (based on £150k if %) | Maximum LTV for remortgage, house purchase or first time buyer | Apply |
|---|---|---|---|---|---|---|
| HSBC | 2yr 1.95% Discount LTV 60% Special Direct | 1.99 | 2/1% | 1499 | 60 | |
| Leeds Building Society | 2yr 3.24% Discount LTV 75% Direct Only | 2.45 | 3/2% | 999 | 75 | |
| Monmouthshire Building Society | 2yr 2.50% Discount H/P LTV 70% | 2.49 | 2% | 499 | 70 | |
| Hinckley & Rugby Building Society | 2yr 3.05% Discount LTV 75% | 2.59 | na | 990 | 75 | |
| Melton Mowbray | 2yr 2.40% Discount Offset LTV 75% | 2.59 | 3.25% | 998 | 75 | |
| Progressive Building Society | 2yr 2.16% Discount FTB LTV 70% | 2.59 | 2/1% | 495 | 70 | |
| Penrith Building Society | 2yr 1.50% Discount LTV 75% | 2.65 | 1.50% | 0 | 75 | |
| Norwich & Peterborough B.Soc. | 2 Year 2.30% Discount LTV 75% Direct | 2.69 | 2% | 795 | 75 | |
| Ulster Bank (NI) | 2yr 1.30% Disc H/P LTV 60% | 2.7 | 3% | 595 | 60 | |
| Principality Building Society | 2yr 2.25% Discount LTV 75% Direct | 2.74 | 3% | 0 | 75 | |
Table list products with a term less than or equal to 2 years suitable for buying properties (not remortgages), and with no tie-in period after rate change. Sorted by increasing initial rate payable.
na = not applicable
5 year remortgage
| Provider | Product | Rate on which initial payments are based | Calculation applied to Early Redemption Charge | Fees payable on application or completion (based on £150k if %) | Maximum LTV for remortgage, house purchase or first time buyer | Apply |
|---|---|---|---|---|---|---|
| National Counties Building Society | 5yr 1.70% Discount LTV 80% | 2.99 | 5% | 495 | 80 | |
| Newbury Building Society | 5yr 1.30% Discount LTV 75% No Fee | 3.15 | 3/3/3/2/1% | 0 | 75 | |
| Monmouthshire Building Society | 5yr 1.43% Discount R/M LTV 80% | 3.56 | 3% | 0 | 80 | |
| Penrith Building Society | 5yr 0.50% Discount LTV 90% | 3.65 | 0.50% | 0 | 90 | |
| Holmesdale Building Society | 5 Year 1.00% Discount LTV 75% | 3.89 | 2% | 495 | 75 | |
| Vernon | Flex 5yr 1.10% Discount LTV 80% | 3.89 | na | 499 | 80 | |
| Earl Shilton | 5yr 0.75% Discount LTV 75% | 4.44 | 2% | 599 | 75 | |
Table list products with a term less than or equal to 5 years suitable for remortgaging properties (not purchases), and with no tie-in period after rate change. Sorted by increasing initial rate payable.
5 year purchase
| Provider | Product | Rate on which initial payments are based | Calculation applied to Early Redemption Charge | Fees payable on application or completion (based on £150k if %) | Maximum LTV for remortgage, house purchase or first time buyer | Apply |
|---|---|---|---|---|---|---|
| National Counties Building Society | 5yr 1.70% Discount LTV 80% | 2.99 | 5% | 495 | 80 | |
| Newbury Building Society | 5yr 1.30% Discount LTV 75% No Fee | 3.15 | 3/3/3/2/1% | 0 | 75 | |
| Monmouthshire Building Society | 5yr 1.55% Discount H/P LTV 80% | 3.44 | 3% | 499 | 80 | |
| Penrith Building Society | 5yr 0.50% Discount LTV 90% | 3.65 | 0.50% | 0 | 90 | |
| Ulster Bank (NI) | 5yr 0.21% Disc FTB LTV 95% Shared Equity | 3.79 | 3% | 295 | 95 | |
| Holmesdale Building Society | 5 Year 1.00% Discount LTV 75% | 3.89 | 2% | 495 | 75 | |
| Vernon | Flex 5yr 1.10% Discount LTV 80% | 3.89 | na | 499 | 80 | |
| Earl Shilton | 5yr 0.75% Discount LTV 75% | 4.44 | 2% | 599 | 75 | |
| Shepshed Building Society | 5yr 1.25% Discount H/P Shared Ownership LTV 90% | 4.74 | na | 600 | 90 | |
Table list products with a term less than or equal to 5 years suitable for buying properties (not remortgages), and with no tie-in period after rate change. Sorted by increasing initial rate payable.
