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Cheapest Apple iPhone 5 deal down to £31 per month

E2Save has cut the monthly price of a contract for the Apple iPhone 5 smartphone down to £31 per month. That’s a total cost of ownership of £744 over two years, which is only £215 more than the cost of a SIM-free version of the iPhone 5.

Interested parties should note that the handset as shipped by E2Save will automatically lock to the first SIM card used.

Although this is a refurbished offer, the iPhone 5 handset is likely to be just like a brand new one. The contract on offer is one that comes with unlimited texts, unlimited minutes and 1GB of data, which should be more than sufficient for most users; the SIM-only equivalent price is just under £9.

The smartphone comes with a new system-on-a-chip, the A6, a 4in 1,136 x 640 pixel display, an 8-megapixel camera, and up to eight hours of claimed 3G talk time.

There's also 4G connectivity, Apple's HD iSight camera, and the iPhone 5 boasts a thickness of just 7.6mm.

If you want to get a new iPhone 5, check out another offer from E2Save which costs £33 per month on Vodafone for a less attractive package with less minutes, texts and data. By way of comparison, you can get the Galaxy S3 for around £26 per month.

For more, you can check out our review of the iPhone 5 and see how it compares to the Google Nexus 4.

Desire worked at ITProPortal right at the beginning and was instrumental in turning it into the leading publication we all know and love today. He then moved on to be the Editor of TechRadarPro - a position he still holds - and has recently been reunited with ITProPortal since Future Publishing's acquisition of Net Communities.