Mortgages from banks are cheapest

Based on information from the top 30 lenders of 2005, as defined by the Council of Mortgage Lenders (CML), the cheapest standard variable mortgage for existing borrowers on a £50,000 loan in 2006 was from HSBC and cost £2,888. This was almost £500 cheaper than the most expensive equivalent deal provided by Bank of Scotland at £3,381. Intelligent Finance was the second cheapest deal at £2,918, but the next three lenders in the top five were Skipton (£2,997), Nationwide (£3,014) and Britannia (£3,119) building societies. The rest of the top 10 was made up by Standard Life Bank (£3,144),...