APR stands for Annual Percentage Rate. The APR of a mortgage is calculated using the fees and monthly repayments over the full term of the mortgage. The APR is also called the "overall cost for comparasion" and is used to compare two different mortgages. The APR will show on all quotes provided to a customer.
When you are comparing different mortgage deals you should also take into account the monthly payment you pay during the intial deal period and what the payment is once it reverts back to the Standard Variable Rate – this will also be shown on all mortgage quotes, and all costs for taking that particular deal.
We charge a fee for arranging your mortgage. The precise amount depends on your circumstances but will typically be £500. We will also be paid commission from the lender. We charge no fee for insurance advice. If you arrange insurance through us the insurer will pay us a commission.
Top five mortgage deals in common categories.
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