Apple iPhone 5 available from £26 per month with an upfront fee of £120

Head over to Affordable Mobiles to grab an Apple iPhone 5 smartphone for as little as £26 per month with an upfront fee of £120; that’s a total cost of ownership of £744 spread over two years (that’s an average monthly cost of £31 only).

It compares well with the cost of the phone alone which is £519, which means that the equivalent cost of the text, data and minutes bundle is £225 or just under a tenner per month.

The deal is available on T-Mobile’s Standard Internet and comes with 300 minutes, unlimited texts and 1GB of data. Alternatively, you can grab the phone with less data but twice the amount of minutes for the same monthly fee from the same provider.

You can read our review of the iPhone 5 here and see why the phone is one of the most sought-after handsets of the last 12 months.

The device runs on an Apple A6 system-on-chip, has a slimmer but more elongated form factor compared to its predecessor which has resulted in a different screen ratio (16:9) and a higher screen resolution, an 8-megapixel camera, iOS6 and much more.

There have already been speculations of an Apple iPhone 5S handset being readied for an earlier-than-expected launch.