Best Mortgage Rates UK

Choosing the best mortgage rates UK may be difficult for any borrower as there are presently more than 3000 mortgage plans available in the UK mortgage market. The UK mortgage brokers may help the borrowers to select the best mortgage available in best mortgage rate in the UK.

The mortgage borrowers in the UK typically work as an intermediary agent between the lenders and borrowers while originating a mortgage loan. UK mortgage market is famed to be hard competitive and at the same time innovative as well. The state or state funded entities do not interfere with the working of mortgage dealers in the UK unlike other countries of the world and hence the mortgage market flaunts a wide variety of mortgage types.

As per the ongoing mortgage market trend in the UK, around 70% of borrowers consult a mortgage broker. The mortgage brokers in UK also being a player in the mortgage market for years can pick up the best possible mortgage for a borrower quite easily in UK

There are various types of mortgages available in UK. They are:

• Repayment Mortgage – this includes the repayment of both capital and interest
• Interest-only Mortgage – here the capital is repaid at the end of the mortgage
• Endowment Mortgage – a type of interest-only mortgage where the capital is repaid by one or more endowment policies.

Investment backed mortgage and Pension mortgage are another two mortgage types available in the UK.

The major types of mortgage rates available in the UK mortgage market are:

• Variable Rate
• Standard Variable Rate
• Fixed Rate
• Discount Rate
• Capped Rate

According to the mortgage market swing, fixed rate mortgages and discounted mortgages are the most famous ones in the UK. The mortgage brokers make the borrowers understand over different types of mortgages and also guide on which one to take. The borrowers should also decide whether they want to take up a mortgage on a repayment or on interest-only basis. It is always advisable to consult with more than one mortgage broker in the town to get the best possible mortgage available in UK.

Here is the listing of current mortgage rates offered by some of the major mortgage lenders in the UK:

Fixed Rate Mortgage
Lender	Rate
Principality BS	5.79
Alliance & Leicester Prime	5.89
Nationwide BS	5.98
Bradford & Bingley Mortgages Standard	5.99
Cheshire BS	5.84
Flexible Rate Mortgage
Lender	Rate
Principality BS	5.34
Alliance & Leicester Prime	5.61
Nationwide BS	5.38
Saffron Building Society	5.19
Hinckley & Rugby BS	5.84
Discount Rate
Principality BS	5.34
Alliance & Leicester Prime	5.61
Hinckley & Rugby BS	5.9
Barnsley BS Direct	4.24
Chorley BS	5.6
Offset Rate
Lender	Rate
Standard Life Bank	5.34
Hinckley & Rugby BS	5.84
Newcastle BS	5.85
Market Harborough BS	6.05
Capped
Lender	Rate
Abbey	6.29
Marsden BS	6.69
First Time Buyers
Lender	Rate
Bristol & West Mortgages	5.34
Nationwide BS	5.78
Alliance & Leicester Prime	5.61
Norwich & Peterborough BS	6.14
Self Certification
Lender	Rate
Alliance & Leicester Prime SC	6.24
Ipswich BS	5.74
Standard Life Bank	6.03
Leeds Building Society Direct	6.05