ING DIRECT Mortgages has been awarded winner of the ‘Moneyfacts Awards 2011’. The purpose of this award is for millions of customers in the United Kingdom to give their feedback about a variety of financial commodities that are accessible to them and this information is used to divulge the finest of these products available. The one deemed the most competent receives the Moneyfacts Award.

Since their launch in 2003 they have been granted several other awards including the Company Awards such as the ‘Customer Contact Association Award’.

Mortgages offered by ING DIRECT are

Fixed rate mortgages – Tracker mortgages – Variable mortgages – remortgaging etc

Fixed Rate Mortgages offered by ING DIRECT are designed to be easy to understand and will give you peace of mind in the knowledge that the interest rate you pay will remain the same every month until the end of the Fixed Rate Mortgage term, regardless of what happens to the rates of interest in the meantime. They do not have a policy of charging each day for any management that may be undertaken.  The offers are controlled and could be, at any time, removed. Fixed Rate Mortgages are offered for amounts between £50,000 to £2,000,000. When purchasing a home there is a valuation fee charged but at ING DIRECT they will refund, upon completion, the initial valuation charge. The terms of their Fixed Rate Mortgages are between 2 to 5 years. See below an example of one of these terms.

2 Year Fixed Rate Mortgage

• Offers a 60% Loan to Value.
• Current initial fixed rate is 2.59% until the 30th November 2013 returning to their standard variable rate which at present is 3.5%
• There is a non refundable product fee of £ 945
• Interest is calculated on a daily basis
• Each year you can overpay up to 10% without incurring a fee.
• Early repayment charge is 3% of the amount borrowed during the first 12 months reducing to 2% for the remainder of the fixed rate term

ING DIRECT offer Tracker Rate Mortgages.  These mortgages are variable and the amount of interest you pay is calculated according to the Bank of England Base rate. This rate changes either up or down and this will effect your monthly repayments accordingly. Tracker Mortgages track the Base rate for the duration of your mortgage.

ING DIRECT also offer Variable Rate Mortgages which allow you to either overpay, underpay or stop payments for a short period of time. At present they are offering 0.90% off their Standard Variable rate mortgage for a two year term. Take a look below at an example of one of their Variable Rate Mortgages which is on offer:

Variable Rate Mortgage

• Current initial rate is 2.60% (variable) and includes the 0.90% discount off their Standard Variable rate mortgage until the 30^th November 2013 returning to their standard variable rate which at present is 3.5%
• Offers a 60% Loan to Value.

ING DIRECT is well worth taking a look at if you are considering taking on a mortgage or remortgaging or a first time buyer. You will find their website very user friendly and easy to navigate.