Best Banks for home Mortgages 2016

Intelligent solutions for home purchasers and vendors. Our jury of experts will be able to name the creditors who have provided the right product for your needs in eight different areas over the past year. However, the distinctions do not only apply to house purchasers. When you think that you are exceeding the quotas for your actual mortgages, our accolades can help you find a better business.

Since March 2009, the Bank of England's key interest has been at 0.5%, but it may not show any immediate sign of movement, but in the event of such a development it should only move in one direction up. This is why the overwhelming majority of today's borrower wants the assurance that if interest levels go up, their mortgages will not be paid.

"Lenders routinely offer the cheapest interest and are at the top of the best-buy table. "The Halifax had an outstanding year and really came to the front with flat interest across the line, supported by a good policy of servicing and subscription, especially for first-time buyers," he says. Thus, the interest can move up and down when interest changes.

Consequently, they are far less liked than before and the last two years' winners in this class, HSBC, (like many of the major banks) are currently not operating in this part of the business. This year' s prize goes to the Principality Building Society, the runner-up of the previous year, whom Mr Strutt praised for keeping the options open.

Housing mortgages give borrower the possibility to set off any saving they might have against their mortgages. It allows you either to cut the amount of interest you are paying each and every months or to accelerate the interest rates at which you repay the mortgages. That means that it is becoming more and more important for lessors who either want to get in or stay on the rental property to get the best offer.

Hargreaves says it offers "great pricing, fast response times, free reviews" and "is always reliable". Increasing home values, stagnating interest margins and stricter credit requirements that make home ownership increasingly difficult to grasp make first-time purchasers need every little help from creditors to buy their own home. "Last year Yorkshire did its part to cut interest levels for first-time purchasers.

He was one of the first creditors to begin to offer 5% mortgages on deposits again and often outperformed the low best-buy tables," Strutt notes. Long-term tracker are floating interest mortgages that usually increase and decrease in line with interest rates during the term of the loans. Loans are preferred by those who do not want to change their mortgages any further.

The new mortgages are not just for home buyers. These awards reward those creditors who offer innovation that makes a real difference to the borrower. This year' winners are Hodge Lifetime for its new 55-plus mortgages, which provide credit to individuals up to the ages of 95. "Whilst some bausparkassen have begun to deal with this, tailor-made solutions that offer a genuine option were thin on the floor, and this is where Hodge Lifetime came in.

Selection lists were forwarded to our jury, which was asked to choose the winner and runner-up for each of the categories not only by tariff, but also by fee, penalty, credit agility, standard of services and customer care. The jury appointed the creditors for the Innovation of the Year prize.

Moneywise Mortgages Awards 2016 were evaluated by a panel of mortgages professionals.