Mortgages UK


Mortgages UK : Mortgage Advice you can rely on : Nationwide Service

    

 
Loans are subject to status and are not available to under 18's or to non-UK residents.

Discover Mortgages is registered with The Office of Fair Trading.
Consumer Credit Licence (CCL) No: 517115

Mortgage advisers handling your enquiry are registered with The Mortgage Code Compliance Board.

Secured loan advisers handling your enquiry are registered with the Finance Industry Standards Association (FISA).

 
Mortgages
A mortgage on your home is required and some lenders may require insurance.

Representative examples
Type of mortgage Initial rate Standard variable rate at start APR Monthly payments Application / administration fee Total amount payable Early repayment charge
Variable rate 5.75% 5.75% 7.7% 300 at £287.50
Nil £146,884.00 3 months interest at the variable rate during first year

Fixed rate 5.39% 5.00%
(bank base rate plus 1.00%)
5.6% 59 at £426.71 followed by 241 at £395.83 £399.00 £218,153.92 7% of the amount redeemed until 28th Feb 2003, 6% until 28th Feb 2005 and 5% until 28th Feb 2007, plus £100 administration fee

Discounted rate for 1 year 4.80% 5.80% 6.0% 12 at £240.00 followed by 288 at £290.00 £300.00 £147,220.00 Repayment of the discount received during first 2 years

Bank base rate, currently 4.00%, plus 1.00% until 2nd Sep 2008


5.00% 5.95% 5.6% 80 at £250.00 followed by 220 at £297.50 Nil £146,130.70 Nil
Capped rate until 1st Nov 2004

5.99% 5.75% 6.7% 33 at £299.50 followed by 267 at £287.50

£295.00 £147,555.00 Nil

Representative examples assume the following:
A mortgage loan of 60,000 to purchase a property valued at 100,000 over 25 years (300 monthly payments). Rates are variable except for any period during which a fixed rate applies.
Estimated legal fees (including Land Registry fees) of 250 and sealing fee of 75.
For fixed, capped and discounted rate mortgages, it is assumed that the fixed / capped / discounted rate applies for the period of the fix / cap / discount, and that the rate then reverts to the standard variable rate applying at the commencement of the mortgage. In fact, the standard variable rate is likely to have changed by the end of the fixed/capped/discounted rate period.


Home owner loans
The following information is intended to give you an idea of how much it would cost you to borrow the amount you require*. Look down the left to find the amount you want to borrow then look along the top to see the length of time you wish to repay the loan over. Your monthly repayments are in the box that intersects your chosen row and column. But please remember this is only a guide. You can call our experienced advisers at any time for assistance.

APR Borrow 60
months
90
months
120
months
180
months
240
months
300
months
7.9% £50,000 1006.00 732.26 598.00 468.50 408.00 375.00
£45,000 905.40 659.03 538.20 421.65 367.20 337.50
£40,000 804.80 585.81 478.40 374.80 326.40 300.00
£35,000 704.20 512.58 418.60 327.95 285.60 262.50
9.7% £30,000 627.65 464.79 385.50 310.31 276.43 258.70
£25,000 523.05 387.32 321.25 258.59 230.36 215.58
£20,000 418.44 309.86 257.00 206.87 184.29 172.46
11.4% £17,000 368.64 277.17 233.06 191.98 174.13 165.20
£15,000 325.27 244.56 205.64 169.40 153.65 145.76
£12,000 260.22 195.65 164.51 135.52 122.92 116.61
£10,000 216.85 163.04 137.09 112.93 102.43 97.17
12.9% £9,000 201.24 153.24 130.31 109.34 100.53 96.31
£8,500 190.06 144.73 123.07 103.26 94.95 90.96
£8,000 178.88 136.22 115.83 97.19 89.36 85.61
£7,500 167.70 127.70 108.59 91.12 83.78 80.26
£7,000 156.52 119.19 101.35 85.04 78.19 74.91
£6,500 145.34 110.67 94.11 78.97 72.61 69.56
£6,000 134.16 102.16 86.88 72.89 67.02 64.21
£5,000 111.80 85.13 72.40 60.74 55.85 53.51

* These illustrations are based upon assumed APR's,which may not necessarily be applicable at the time of applying for a loan.

Typical example: A loan of 10,000 over 60 months = 216.85 per month. Total amount payable 13,011. APR 11.4% variable.

All loans subject to the lender's underwriting criteria and applicant's status.

A small selection of our lenders is listed here.

A Mortgage Glossary is available here.