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
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."
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
"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.
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."
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.
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."
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
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
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.".
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"
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."
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)'."