Compare Fee Free Mortgages

Fee-free mortgages are popular with home buyers that want to keep their initial costs down. You can compare the latest interest rates on a range of mortgages that do not come with a fee in the table below.

Choose a mortgage type below

No fee mortgages - sorted by lowest initial rate

  • Mortgage Type
    Buy to Let: For landlords purchasing a property for letting.
    Discount:The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period.
    Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years.
    Offset: Mortgage interest payments are offset against any savings you may hold.
    Tracker:The interest rate rises and falls with the Bank of England base rate.
    Variable: The interest rate rises and falls with the provider’s standard interest rate (SVR).
  • Initial Rate
    The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.
  • Initial Term
    The length of time that the initial interest rate applies to the mortgage.
  • Overal Cost For Comparison
    This is the mortgage’s Annual Percentage Rate (APR): the interest rate that you will be charged on your mortgage including all charges such as arrangement fees.
  • Max LTV
    The percentage of a property’s value for which the mortgage can be used.
    Example:75% loan to value = 25% deposit.
  • Fee To Apply
    This is the fee that must be paid to the lender when you take out the mortgage.
    If the fee charged is a % we have based the fee on a 150k mortgage.
  • ERC
    Will your lender charge you for repaying the mortgage early?
  • Use the arrows to compare whole of market


We may receive a commission from some of the companies we refer you to, these are displayed with a green 'More Info' button. Listings with a green 'Enquire' button refer you to an FCA regulated mortgage broker where we also receive a fixed fee. Tables initially display lenders from whom we receive commission, ordered by initial rate. Using the green arrows allows whole-of-market comparisons ordered by the chosen table column.

Mortgage data supplied by Defaqto. Last updated 11:30, 08/10/2015.

About no fee mortgages

Usually when you take out a mortgage you have to pay an arrangement fee. This is to reimburse the lender for their time and effort in setting it up. Sometimes this will only be a couple of hundred pounds, in other cases it can run into thousands.

There is no hard and fast rule about how much an arrangement fee will cost you - each bank will offer an array of different options - but it will affect the value of the mortgage. It is included in the overall cost of comparison figure that you see with the rates.

However, some lenders offer mortgages where you don't have to pay any fees at all. Instead, the bank or building society covers the cost of the obligatory administration with the authorities involved, saving you the added expense. Often used as an enticement towards certain deals or to draw customers away from competitors, these 'no fee mortgages' remove one of the road blocks for people who are already struggling to get onto the housing ladder.

Lenders usually allow you to add any arrangements fees you have to pay onto the total amount you are borrowing if you can't afford to pay it upfront. However, this will mean that you pay interest on it just like the rest of the loan. If you're already struggling for capital - perhaps because you need a hefty deposit - a no fee mortgage could be ideal.

Remember though, if the absence of a fee is a smokescreen for uncompetitive rates, it almost certainly won't be worth it.

Click here to learn more about mortgages with Know Your Money.

Helpful links for mortgage issues - The government website's 'Owning and renting property' page features information on a range of issues including buying and selling property, property regulations and taxes, and mortgage aid schemes.

HMRC - HM Revenue & Custom's Stamp Duty page tells you everything you need to know about the tax including reliefs, exemptions, payments and penalties.

Council of Mortgage Lenders (CML) - The CML's consumer information pages feature a host of information on buying a property and choosing and managing a mortgage.

Citizens Advice Bureau - Citizens Advice Bureau's 'mortgage problems' section offers help and advice to people who are having trouble keeping up with their mortgage repayments.

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