New Home Mortgages



Complete our quick & simple form

We will search for suitable providers

Then get your FREE quotation

  • Decision in principle often within 2 hours
  • 30 second application – it couldn’t be simpler
  • Deposit from only 15% of property value
  • No minimum personal income on some products
  • Expert advice – we have a team of advisors allocated to getting you the best deal
Our Advisers Compare Quotes From The Following Lenders

Compare the best mortgage deals in the UK

Mortgage Comparison

A mortgage is a type of loan used to buy new property or for existing property owners to raise funds for any purpose. The monthly loan repayments allow individuals to pay for their property for an extended period, usually around 25 years, until they clear their payments and have full ownership of the property. Mortgage rates are offered by banks, credit unions and building societies and the loans are secured against the property so the provider is able to repossess the estate if the borrower defaults on repayment or does not abide by the terms of the agreement.

Best mortgage rates and deals from Quiddi Compare

We work with the top mortgage providers in the UK to offer the best rates available. Simply fill in our form above and one of dedicated agents will call you and recommend a mortgage deal based on the criteria you have provided. We are pleased to offer this personalised service completely free of charge and we are constantly on the look out for new deals to ensure our customers are getting the best mortgage rates.

Cheap mortgages – how can you find them?

Cheap mortgages will depend on which provider offers the lowest interest rate. To find the cheapest mortgage, borrowers need to decide whether to select a mortgage at a fixed rate or a variable rate. A fixed rate means that the interest will stay the same throughout the entire mortgage period whereas a variable rate means that the rate you pay will change based on economic factors such as inflation and bank rates. By having a variable rate, it means that you could be paying less for your mortgage than if you were with a fixed rate but it can also mean that you might pay more.

Mortgage rates are presented in the form of APR, which stands for the annual percentage rate and allows you to compare mortgage rates easily. The annual calculation considers the fact that mortgages last a number of years and the rate is compared on an annual basis. The average mortgage lasts for around 25 years with the option to choose a longer or shorter period of time. By having a longer mortgage deal, it will consist of cheap repayments spread out over a long period of time. The shorter the term, the sooner you will be able to clear the mortgage payments completely and have ownership of the property. For this reason, you need to compare price in order to find the best short-term mortgages that you can afford.

How much can I borrow for a mortgage?

How much you can borrow for a mortgage loan requires you to look at the LTV (loan to value). The LTV typically ranges from 60% – 90% and refers to how much of the property value the mortgage provider can lend you. To give an example, if you are looking to borrow a property worth £100,000 and the LTV is 75%, you will have to make a down payment of 25% of the value (£25,000) and the provider will lend you the remaining 75%. You will need to assess your finances and affordability to determine how much LTV you need. Borrowers are encouraged to use mortgage loan calculators to find out how much LTV they require and what monthly payments they can afford moving forward. It is also advisable to have the property valued and appraised again to confirm the value of the estate because going ahead.

In addition, how much you can borrow will depend on your personal circumstances and eligibility for a mortgage. If you application is approved, you will be given a ‘decision in principle’ and this confirms how much you are able to borrow. How successful your mortgage application is, the interest rates you are charged and the LTV will depend on the following:

Higher deposits – The higher deposit you are able to make, the better interest rate you will likely be offered because you own will more of the property than the average customer. For instance, if you were put around 40% of the property value up front, you will only require a 60% mortgage and may be eligible for one of the lowest rates.

Credit History – mortgage underwriters will look carefully are your credit history upon offering you a decision in principle. How well you have paid other loans and forms of credit in the past will impact the success of your application and the LTV you are offered. Underwriters will also look at whether you have had other mortgages in the past and how well you have made your repayments. Other credit related factors that may affect the success of your application include whether you have ever been bankrupt or had an IVA or CCJ. There are mortgages for bad credit available but this will usually involve higher interest rates and lower a LTV. For more information, you can check your credit score here.

Employment – mortgage providers will take your employment into perspective when making a decision. Positive things that will help your application include being in employment for a long period of time and how long you have been with the company and your growth in salary over the years.

Debt to income – part of the mortgage application involves understanding your level of income and expenditure to income more carefully. Underwriters will usually require copies of your pay-slips and bank statements in order to get a better idea of how much you earn and what you spend your money on. Before granting a decision in principle, mortgage companies need to ensure that you are able to afford the monthly repayments.

Mortgage Schemes – depending on your type of employment, you may be eligible for schemes to help you get a mortgage such as affordable housing, help to buy schemes and credit unions.

Economic factors – the state of the economy will also have an impact on whether you are successful with your mortgage application. A good economy encourages the banks to lend out money at generous LTVs whereas a struggling economy causes banks to be more cautious over whom they lend to and the loan to value they allocate.

Beware of added fees

To save money on your mortgage before you apply, it is important to be aware of early repayment charges. It’s great if you are able to repay your mortgage early but many companies charge an early repayment charge (EPC) of around 2% for doing so. It is important to consider how long you plan to be at the new estate prior to agreeing the mortgage. If you think that you are going to move after 5 years and you are confident with your level of income and expenditure, it would be worth selecting a five-year product rather than locking yourself in for much longer.

There are additional set-up fees involved with getting a mortgage. Mortgage brokers and lenders will typically charge a booking fee for getting a quote for you and reserving it. The second is an arrangement fee, which is paid to the broker or provider on the completion of the mortgage. The way around these fees is to only proceed if you believe you are getting the best rate possible. If could be worth getting a higher interest rate with a lower booking fee or it could be better getting a lower interest rate with a higher booking fee. It is important to speak to the provider about your options before going ahead and ensure that you take these extra costs into account.

The advertised rate is 1.95%. However this rate will not be available to everyone and will depend on your individual circumstances and the loan to value ratio of your mortgage.


Some partners may charge you a fee for helping you find a Mortgage or Secured Loan or other services they provide. MAKE SURE you check with the company before agreeing to any service if they charge you a fee and what the terms are.

Warning: Late repayment can cause you serious money problems. For help, go to QuiddiCompare does not charge a fee and does not provide any financial advice relating to mortgages. However we may on occasion receive commissions from IFA’s and mortgage providers, brokers and intermediaries for introducing you to them.

The content of this site is meant to be informational, and it should not be considered financial advice. – See more at:

Start typing and press Enter to search