Compare Mortgage Rates

Our comparison tool works by searching through 12,000 deals from 100 lenders.

Using our comparison tool is a great first step to seeing what the market has to offer, but if you want a clearer view, along with some expert advice, sign up and speak to one of our advisers.

You can also arrange a quick, free call back and speak to an adviser over the phone.

Mortgage interest rates will affect how much you pay toward your mortgage each month. So the higher the interest rate, the more you’ll pay every month.

An interest rate is a percentage you pay on top of your capital mortgage payments each month until you finish paying your mortgage. 

Think of it as a cost for borrowing money. This is how lenders make money back from lending.

There are different types of interest-rate mortgages:

• variable rate mortgages

• fixed-rate mortgages

• tracker rate mortgages

Your first consideration when contemplating a mortgage is your budget. You’ll need to assess your current financial situation including your income, expenses, existing debts, available deposit and credit score. 

Consider your income and outgoings and determine the maximum monthly repayment you could afford to make without it putting a strain on your finances. Afterwards, use our mortgage calculator to get an idea of how much you could comfortably afford to borrow. 

Don’t forget to budget for other costs associated with buying a house, such as Stamp Duty, conveyancing fees, and the cost of hiring professional removal services. You also need to consider how your regular monthly outgoings might change when you move to a new location. If you’re moving to a larger house for example you may need to spend more on council tax, home insurance and utility bills.

Do your research to grasp the different types of mortgages available to you, including fixed-rate, variable-rate, and interest-only mortgages. Each product has its own unique features and benefits, and the right option for you will depend on your individual financial circumstances. 

If you’re seeking the assurance of knowing exactly what your mortgage repayment will be each month, then a fixed-rate mortgage could be the right choice for you. 

If your goal is to pay off your mortgage as soon as possible and you’d like the option to make overpayments then a variable-rate mortgage without early repayment charges could be a more suitable option.

All mortgages incur a fee known as interest which is the cost of borrowing. Interest rates can significantly impact both your monthly repayments and the total cost of your mortgage. 

Comparing interest rates from various lenders for the same type of mortgage is crucial but keep in mind that the lowest rate might not always translate to the most cost-effective option when other variables are taken into account.

This is because mortgages often come with additional fees, such as arrangement fees, valuation fees, legal fees, and early repayment charges, which can significantly impact the total cost of your mortgage. 

A lender advertising the lowest interest rate might come with higher fees, resulting in a mortgage that's more expensive compared to other lenders featuring slightly higher interest rates but lower additional charges. 

The Annual Percentage Charge (APRC) offers a more accurate representation of the total cost of borrowing, by including both the interest rate and any fees charged by the lender. Compare APRCs to understand the overall cost of each mortgage deal.  

It’s worth noting that APRCs won’t include fees for any late or early repayments you make.

Our mortgage comparison tool will show you the initial period cost, which is how much you’ll pay in total over your initial mortgage period. 

Remember, your mortgage term can also impact the cost of your mortgage. A shorter term will typically result in higher monthly payments but lower overall costs. A longer term leads to lower monthly payments but potentially higher overall costs.

If you’re planning to make overpayments on your mortgage, it could be beneficial to look for a deal that allows early repayments without penalties. 

Typically, it’s only mortgages that have an initial period of fixed or discounted interest rates that have early repayment charges. Standard variable rate and tracker mortgages often come without early repayment charges.

Using our online mortgage comparison tables, you can explore various options available to you. Just input details about your property’s value, how much you want to borrow, mortgage type and preferred term. This allows you to compare mortgage rates and fees, helping you to find the right solution for you.

Choosing a new mortgage deal is an important decision. Take your time to assess all the options and consider seeking advice from experts like ours. 

After considering all the factors, choose the mortgage deal that aligns with your financial goals, preferences, and long-term plans.