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Most affordable Apple iPhone 5 deal available from £26.75 per month

BuyMobilePhones sells the 16GB version of the Apple iPhone 5 for as little as £20.50 per month on a two year contract with an upfront fee of £150.

That’s a total cost of ownership of £642 or an effective monthly fee of £26.75, which is the lowest we’ve found for an iPhone 5 and an absolute cracker bearing in mind the cost of the phone alone is £529. This means that you’re paying around £113 for the Orange Panther 20 plan alone.

As one can guess, it will only be useful for a light user. It comes with 100 minutes, unlimited texts, 500MB data, Free BT Openzone Wi-Fi, One Swapables, Magic Numbers and Orange Wednesdays.

The iPhone 5 was launched late last year and comes with an Apple A6 chipset, a 4in Retina display, an 8-megapixel camera with full HD video recording, Apple’s new EarPods, iOS 6, ultrafast wireless plus a much thinner profile. Check out our review of the Apple iPhone 5 here.

We’re surprised that Apple has allowed the average contract price of the iPhone 5 to fall so rapidly; this wasn’t the case for previous models which, to some extent, could be explained by more aggressive competition.

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.