The pick of the High Street mortgage lenders
We've picked, at random,
a handful of the acknowledged UK market
leaders. Our comparison page allows you to choose between
more than one hundred lenders, so do a calculation with
one of the major institutions, then compare lesser known,
or local lenders. Either way, a low rate,
cheap mortgage, analysed and applied
for online, may save you a lot of money.
Click on the name to find out more about each one, then
click the button below your choice to compare their rates
with others:
Natwest is long on mortgage lending experience
Now part of the Royal Bank of
Scotland Group, Natwest is an old mainstay of British
High Street banking, and has an approach to mortgage
lending based on long experience:
"When you're looking to buy
a property, the key is to stay in control. Our range
of mortgages are designed to help you manage your biggest
investment.
Whether you're a first-time buyer,
looking to remortgage your home or buying to let, there's
a NatWest mortgage to suit your needs."
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Flexibility the key for Abbey National mortgages
Abbey sets great store by the
flexibility of its mortgage arrangements.
Abbey says of their own mortgages:
"Whether you're a first time home buyer,
moving up the ladder or looking for a better deal, there's
an Abbey mortgage to suit you perfectly"
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HSBC has mortgage finance packaged for a fair deal
This big, fast and impressive
banker, with its Hong Kong roots, and international
style has developed a packaged product approach to mortgage
lending.
"Our fair deal and interest
rate guarantee, together with our award-winning mortgages,
mean that moving your mortgage to HSBC could be your
smartest move ever.
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The Woolwich is budget conscious and has flexible
mortgages
Aiming at the budget conscious
family home buyer, The Woolwich says
of its mortgages, and finance products:
"Whether you need a loan or you
are buying a new home, at The Woolwich you’ll find all
the help you need. Discover Personal Loans with a wide
range of repayment options to suit you and a selection
of mortgages to suit every individual and budget."
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Halifax will set your mortgage rate daily
Although it's now a bank, the
Halifax has many of the features traditionally associated
with its old role as a local building society, or credit
union, and they work at it. Their rates are
low to competitive, and they say of their own
home loans:
"We offer such a wide range
of excellent mortgages, there's bound to be one that's
perfect for you. With daily interest and flexible features
it's no wonder that more people choose the Halifax for
their mortgage than anyone else.
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Nationwide has no fees and great service
This building society stresses
its "no fee" services and long track record.
"All our current mortgage products
have great rates and give you added freedom with our
flexible features."
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Alliance & Leicester will fit a mortgage to your needs
This successful PLC began life
as a regional building society, and they still see that
as their main role. Mortgages, they say, are their business:
"You need a mortgage that fits
your budget, and your plans for the future. But the
mortgage you choose for your first home can be very
different from the one you want when you have a growing
family. At Alliance & Leicester we have a wide range
of mortgages to choose from."
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Capital Home Loans
The company is a subsidiary of
giant Irish lender, Irish Life and Permanent PLC. It
concentrates on running a fully fledged mortgage
and remortgage service and nothing else. It's
style is no-nonsense, business like and very professional.
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Bank of Ireland
Flexible mortgages
aimed at first home buyers. The bank says:
"With our new mortgage package,
you can take full advantage of a range of optional benefits
that will help you turn your new house into a home.
And, as part of the package, you’ll have a personal
mortgage adviser who will guide you through the process,
making sure you avoid potential pitfalls."
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Scottish Widows Bank
The Bank has a snappy modern image
and a candid approach to low interest rates
that fits well with younger customers:
"Maximise your borrowings
with our 110% Professional mortgage or opt for the flexibility
of our Flexible mortgages. You can make your mortgage
work with your savings too by opting for our offset
facility.
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Royal Bank of Scotland
Has a wide range of mortgage
finance and a full service approach. It makes
no effort to be "feely friendly" but opts
instead for an efficient, accurate and professional
image.
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Cooperative
Co-operative is looking for the
young, socially responsible middle class home
buyer. They offer, as well as "flexible mortgages
that offer a great deal", but also "for every year that
your mortgage exists, we will make a payment to Climate
Care - an organisation dedicated to helping solve global
warming."
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Direct Line mortgages
This is a busy online
lender that makes no bones about it's abilities:
"Whatever Direct Line mortgage
you choose, you’re with a lender with a proven track
record of delivering. But don’t take our word for it
– just look at our awards".
The company has taken several
magazine awards as a mortgage lender
in recent years.
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Prudential
Prudential has four kinds of mortgage
products they offer, a wealth of financing advice and
experience, and strategic alliances to provide other
services. They point out innovations like:
"The Prudential Home Equity Release
Plan is an effective way of turning the value in your
home into real money without the need to move. It is
a special loan available to homeowners aged 60 or over
with no monthly repayments.".
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Northern Rock
Out for more business, in a big
way, Northern Rock says:
"We have a wide range of
mortgages to suit every type of buyer and home owner.
The range includes Flexible Discount and Tracker products
and new Buy to Let Flexible Fixed Rates. And the majority
of our flexible products now come with an unsecured
cash reserve which will take your total borrowing up
to 100% Loan to Value"
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Bradford and Bingley
A regional lender, Bradley and
Bingley has its own products, but relies increasingly
on alliances with other lenders, an approach they refer
to as the "MarketPlace"
"The MarketPlace is the smart
new way to find a property, mortgage, loan, pension,
investment or insurance. Rather than simply sell you
our own products, we search the market to offer you
a choice of products that are best for you, not us."
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Egg
Egg simply sales through all the
complications with a two mortgage package that is as
clear as water:
"We topped a survey of 35 top
lenders for having the lowest interest payments on a
£50,000 standard variable rate mortgage over the
period 2000-2002 (source: MoneyFacts January 2003).
MoneyFacts also named us 'Best variable rate mortgage
provider' (April 2003)'."
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