Best Mortgage Comparison site?

Leumasid

Does anyone know of a site that lets you choose to see and sort by the cost per 1, 2, 3 etc years?

totallymoney.com seems to offer the closest thing to what I'm after, letting you see the cheapest over 1 year (the 'monthly payment inc fees' option), 2, 5 or 10 years.

I think Moneysupermarket used to offer this, but have 'downgraded' their offering to not include it now. I'm disappointed the moneysavingexpert site doesn't do this, as it seems pretty important in getting the best deal, but perhaps I'm missing something...

morwok

Try moneyfacts?

amnblog

Leumasid wrote: »

Does anyone know of a site that lets you choose to see and sort by the cost per 1, 2, 3 etc years?

totallymoney.com seems to offer the closest thing to what I'm after, letting you see the cheapest over 1 year (the 'monthly payment inc fees' option), 2, 5 or 10 years.

I think Moneysupermarket used to offer this, but have 'downgraded' their offering to not include it now. I'm disappointed the moneysavingexpert site doesn't do this, as it seems pretty important in getting the best deal, but perhaps I'm missing something...

What your missing is will the Lender consider you and your situation?


A use of your leisure time but not likely to give you the correct solution.

Leumasid

amnblog wrote: »

What your missing is will the Lender consider you and your situation?


A use of your leisure time but not likely to give you the correct solution.

Thanks for the reply. If I've understood, I think you're saying most people won't be eligible for the cheapest deal they can find on a comparison website, is that right?

amnblog

Yes, you don't get to pick the lender, they get to pick you.

Financial speed dating.

getmore4less

I suspect most get the answers wrong.

What you really need to know is for the same money from your pocket which will pay off the most capital.

muhandis

Personally speaking, when first looking for a mortgage, I've wasted a lot of time on comparison websites, lusting after rock-bottom rates that I couldn't access (I didn't know it then).

I think it still helps give a very general idea of things in the market, but once you get serious, in my opinion a broker is the go-to person for pin-pointing the right lender for your circumstances.

Leumasid wrote: »

Does anyone know of a site that lets you choose to see and sort by the cost per 1, 2, 3 etc years?

totallymoney.com seems to offer the closest thing to what I'm after, letting you see the cheapest over 1 year (the 'monthly payment inc fees' option), 2, 5 or 10 years.

I think Moneysupermarket used to offer this, but have 'downgraded' their offering to not include it now. I'm disappointed the moneysavingexpert site doesn't do this, as it seems pretty important in getting the best deal, but perhaps I'm missing something...

Leumasid

morwok wrote: »

Try moneyfacts?

When I first looked, their results weren't being sorted correctly, so the cheapest wasn't at the top (or bottom!), but I contacted them, and they've fixed it.

A very helpful guy also explained that the total costs they quote for 1, 2, 3 etc years include an Electronic Transfer fee of £50, and in some cases a mandatory Valuation Charge (e.g. £200 for Legal & General).

So thanks, moneyfacts looks really useful. That said, they don't factor in the cashback Nationwide are currently offering. Good old Moneysavingexpert had the comparison tool to show me that :beer: