Direct deals could save borrowers £880

The best three-year fixed-rate deal available last week – ranked on a true cost basis – was Nationwide’s 5.74%, which is not available through mortgage brokers. However, the best three-year deal generally available to brokers came from Nottingham Building Society at 6.79%, ranked only 51 out of 100 by mform for overall competitiveness. According to the online mortgage company, borrowers taking out a £150,000 mortgage with the Nationwide deal would pay £38,480 over three years compared to £41,118 with Nottingham Building Society, resulting in a difference of £2,638, amounting to £879 per ye...