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BEST RATES - MORTGAGES

Lender	Rate	Period	Fees	Max LTV	Redemption Penalties
Discounted Rate
Monmouthshire BS¹	2.49%	2 Years	£499	70%	1st 2 yrs: 2% Sum Repaid
Variable Rates
Coventry BS	3.30%	N/A	£999	80%	None
Fixed Rates
Mansfield BS²	2.95%	2 Years	£999	75%	1st 2 yrs: 2% Mortgage Advance
Buy-To-Let
Mansfield BS³	3.89%	2 Years	£999	70%	1st 2 yrs: 2% Mortgage Advance
Godiva Mortgages⁴	3.49%	31.03.2014	£1499	65%	to 31/3/14: 4% Sum Repaid

Main Points

The mortgage rates are changing all the time, but we have restricted the details to more established providers in the market.

Introduction

The overall process of selecting a mortgage are explained in Types of Mortgage Repayment and Types of Mortgage Interest.

This note sets out the most competitive rates, presently available on the market. Many of the more attractive rates may disappear in a matter of days, so these terms should be only used as a guide to help you identify the type, before broking the market.

Notes :

LTV is the lending to value, i.e. the percentage quoted is the maximum loan on the value of the property.
¹Procuration fees: 0.35% of Mortgage Advance
²Procuration fees: 0.30% of Mortgage Advance, (Max £1K)
³Procuration fees: 0.30% of Mortgage Advance, (Max £1K)
⁴Procuration fees: No Commission
LTV may differ for re-mortgages.
Source: Moneyfacts 3rd February 2012

WARNING - If you are a GROUP client with investment restrictions (such as PwC), please make sure that you check that the following comply with any independence requirements.

Risk Warning: The past is not necessarily a guide to future performance. The value of your investment and the income from it can fall as well as rise and is not guaranteed. You may not get back the full amount invested.

Our views are based upon our understanding of current legislation. Levels and bases of, and reliefs from, taxation are subject to change and their value to you will depend upon your personal circumstances. You should not act on any of the information without seeking professional advice.

clarity is authorised and regulated by the Financial Services Authority. The Financial Services Authority does not regulate all types of Pensions, Mortgages of Taxation Advice.

Your home may be repossessed if you do not keep up repayments on your mortgage. Most Buy-To-Let mortgages are not regulated by the Financial Services Authority.