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FSA launches online mortgage tables

The Financial Services Authority last week launched its independent online mortgage tables in a bid to help consumers shop around and compare nearly 1,300 mortgages.

The tables are available at and cover the core range of mortgage products that are most commonly bought by the majority of consumers.

Consumers will be able to log onto the watchdog&#39s mortgage tables and find information from more than 100 mortgage providers. They will be able to compare interest rates, including both the initial and standard rate as well as the APR; restrictions, such as early repayment charges; fees and incentives, including higher lending fees, valuation fees, set-up fees and cashback; flexibility and whether the mortgage can be linked to a current account.

Beverley Brewster of the FSA&#39s comparative tables team says: “Unlike other websites, these tables are not trying to sell you a mortgage. They&#39re intended to help you shop around and make a shortlist of the best value deals. Then you can explore the ones that interest you in greater detail directly with the provider or broker concerned.

“Don&#39t go on first impressions – look beyond the initial rate and consider the whole package. For example, are there any restrictions or penalties for paying off your mortgage early, additional fees, incentives such as cashback, or flexibility allowing you to pay off more, less or take a payment holiday if you need to? All these features can make a difference to the overall value that you get on your mortgage.”


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