British Banks: Who calculates mortgage interest daily?

Fooligan_2

I am hoping to get my first mortgage soon and would like to get one where the interest is calculated daily. However, it's not obvious from reading various banks websites how they calculate the interest on their mortgages...does anyone know how I can find out without having to actually ring around?

I am mostly interested in the big banks, especially Barclays/Woolwich and the Halifax.

Thanks.

beecher2

Halifax

http://www.halifax.co.uk/mortgages/specialfeatures.asp

Have your interest worked out on a daily basis
We calculate the interest we charge you on a daily, rather than an annual basis. This could save you money.

Nationwide

http://www.nationwide.co.uk/mortgages/interestrates-types/repayment-interestonlymortgage.htm

With any Nationwide mortgage your interest is calculated daily, meaning you can save money in the long run.

Just type in the name of the bank followed by mortgage daily interest in google and you should get relevant information

ginvzt

Usually you will find this information if you read terms and conditions of particular mortgage lender.

For example, HSBC:
http://mortgages.hsbc.co.uk/help/mortgages_explained/types/

Progress

I'm with 'The Coventry' who do