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The best mortgage deals on the UK market

This article will explore some of the best mortgage deals available for customers in the UK, offering a detailed comparison of interest rates, fees, repayment periods and maximum loan values. It will also provide a clear overview of the different types of mortgages, such as remortgaging, low deposit and fixed rate plans.

Best mortgage offers currently available

One of the most tempting offers for remortgage plans is Tesco Bank's initial rate of 1.99 percent, which is available until December 2014. The supermarket lender is also offering a maximum loan-to-value of 60 percent and an APR of 4 percent, with a relatively low fee of £995. Chelsea Building Society, meanwhile, is offering an initial rate of 2.89 percent until November 2015 and a higher loan-to-value of up to 70 percent, in addition to an APR of 5.2 percent a fee of £1,695.

For fixed rate mortgages, HSBC is providing a maximum loan-to-value of 60 percent and fees of £1.499. The bank is also advertising an initial rate of 2.44 percent, which lasts until December 2014. Yorkshire Building Society provides one of the highest max loan-to-value percentages, at 75 percent, along with fees of £995, an APR of 4.6 percent and an initial rate of 2.89 percent, lasting until December 2015.

The best low deposit mortgage deals on the UK market include Hanley Economics Building Society, which charges a fee of £900, offers an initial rate of 4.29 percent until November 2014, an overall APR of 5.3 percent and a loan-to-value of up to 90 percent. On the other hand, Brittania provides an initial rate of 4.79 percent to December 2017, an average APR of 5 percent and fees of £999, in addition to a maximum loan-to-value of 90 percent.

Plenty of great mortgage deals to choose from

From long initial rate periods to low upfront fees, these are just a selection of some of the best mortgage deals available to customers in the UK. As the property market attempts to revitalise itself in a challenging economy, mortgage lenders are being encouraged to offer better rates and conditions to attract new customers, which is great news for buyers.

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