What is a Best Buy mortgage?

For most people, the decision on what mortgage is ‘best’ is based solely on the interest rate being charged. But, there are a number of other important factors to consider, from the length of the mortgage to the upfront fees and redemption costs you may have to pay to when leaving the deal.

Our mortgage Best Buy tables provide you with our selection of what we consider to be the best deals currently available in the UK. Our experts have access to 1000s of mortgages, from deals only available through a mortgage broker, to exclusive and semi exclusive mortgages. Whatever your needs our experts will compare the market and help you find the best mortgage deal.

Buy to Let Mortgages: If you are planning to buy a property to rent you’ll need a buy to let mortgage. BTL mortgages are similar to a standard residential mortgages but the interest rate can be higher.

Buy to Let Remortgages: If you’ve come to end of a fixed term, tracker or discounted rate on your buy to let mortgage or if you want to switch provider we can help you find the best deal.

Cashback Mortgages: Cashback residential mortgages pay a cash lump sum if your purchase or remortgage is successful. The amount you receive can be a proportion of the amount you’ve borrowing or a fixed amount.

Discount Rate Mortgages: Discount mortgages are a type of variable rate mortgage that track below the lender’s standard variable rate for a set period of time.

Exclusive Mortgage Deals: Exclusive or semi exclusive residential and buy to let mortgages only available to clients through John Charcol or the lender’s limited distribution networks.

First Time Buyer Mortgages: First time buyer mortgages allow you to get onto the property ladder without the need to save a large deposit. From 90% to 95% and even 100% mortgage we can help you get the best deal.

Fixed Rate Mortgages: With fixed rate mortgages, the interest rate stays the same for a set period of time. This means during the length of the fixed term your repayments remain at the same monthly amount.

Large Loan Mortgages: Large loan mortgages for high value properties and high net worth clients. Our experts have relationships with private banks and small lenders who can deal with your individual requirements.

Offset Mortgages: Offset mortgages link your savings, and in some instances your current account, to your mortgage. Instead of earning interest on your savings, you reduce the interest on your mortgage.

Remortgages: At the end of a fixed term, preferential or discounted rate or when you decide to move mortgages, remortgaging is the process of switching to another lender.

Tracker Rate Mortgages: Tracker rate mortgages are a type of variable rate mortgage that track above or below the Bank of England base rate at a set margin.