Apr's

Fix_Rate

I am comparing what the best mortgage rate is. Can anyone tell me why the mortgage rates quoted are for example 5.29% yet the rate for comparison is 5.6%?
What do i go by?

sandydog_2

From what I understand the APR takes into account all costs involved.

I'm no expert though!

Fix_Rate

SandyDog

Thing is what additional costs?

sandydog_2

Here's a nice link for you

http://www.fsa.gov.uk/consumer/07_MORTGAGES/KFI_diagram/APR.html

and thank you for my first thank you!

Fix_Rate

Big thank you for this. All i've got to do is read it a few times i reckon.

Many Thanks

payless

The extra fees are one thing, the main thing though is assumed follow on rate after the fixed rate - to end of selected term

Joe_Bloggs

A similar topic was mentioned here. As Payless said, including discounted tracker rates. Life of term trackers seem to come out well in comparisons but their underlying rate is not guaranteed.
J_B.