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Bristol & West
Bristol and West is part of the Bank of Ireland and offers several types of mortgages to their prospective and long-time clients.
Bristol and West’s fixed rate mortgages offer a fixed rate for a certain amount of time (two, three or five years), which allows you to know exactly how much your payments will be and will protect you from interest rate hikes for that time period. There is an arrangement fee associated with fixed rate mortgages.
The tracker mortgages offered by Bristol and West are based on the Bank of England’s Base Rate plus an average of 1.75%. A lot of these tracker mortgages offer a discount period at the beginning of your term.
Self Certification mortgages are ideal for buyers that are self-employed or do not have regular income. These loans come in fixed rate and discount variable rate forms.
The discount mortgage offered by Bristol and West is set at the Standard Variable Rate minus a certain amount at the start of your term. This sort of mortgage is often quite helpful to new home buyers that have extra costs in the beginning years.
Bristol and West’s easyflex mortgage gives you options. You have the choice to over or underpay and to take payment holidays. This mortgage, however, does follow the Bank Base Rate, which means that the rate can increase or decrease.
If you are in the market for a mortgage, use our tools on SimplyFinance.co.uk to find the best company and product for you, keeping in mind that this article should not be interpreted as financial advice or as a recommendation by SimplyFinance to use any individual service or to invest with any company advertised or mentioned.
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TODAY’S MORTGAGE RATES
| Loan Type | Rate | APR |
|---|---|---|
| Fixed | 5.6% | 6.9% |
| Tracker | 5.64% | 5.9% |
| Discounted | 5.7% | 6.9% |
| Capped | 6.05% | 7.2% |
About this index Rates may contain points
NEWS & ARTICLES
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