Our weekly guide on Mortgage Best Buys Mortgage Rates. We also include commentary on the current market economy whilst keeping you updated with our Guides section on our website talking about Mortgages, Protection, Money, Property and Financial Planning.
Market Commentary
A manic couple of weeks in the Mortgage-Industry, lenders withdrawing rates at no notice and hiking rates following the news inflation continues to increase. The BoE increases in the previous months haven’t done enough to control inflation, and as a result its predicted BoE may still be set to increase until inflation is under control. The knock-effect to lender margins being squeezed and have now started to increase rates, perhaps slightly overdue. All 2-year fixed rates now above 5%, some 4% rates still around on 5-year low loan to value fixed rates. Advice would be if your mortgage is up for renewal in the next 6 months, now would be the time to speak to an Adviser about locking-in.
In other news, we’ve now added BTL rates to our rate tables both in personal and ltd company names.
First Time Buyers Fixed Rates
| Lender | Rate | Loan to Value | Rate Type |
| 5.81% | Skipton | 95% | 2-year fixed |
| 5.49% | HSBC | 90% | 2-year fixed |
| 5.33% | Skipton | 95% | 5-year fixed |
| 5.00% | Principality | 90% | 5-year fixed |
Large Mortgage Loans Purchase Rates over £1m
| Lender | Rate | Loan to Value | Rate Type |
| 5.42% | Barclays | 85% | 2-year fixed |
| 5.13% | Barclays | 75% | 2-year fixed |
| 4.93% | Barclays | 85% | 2-year tracker |
| 4.69% | Barclays | 75% | 2-year tracker |
Remortgage Fixed Rates
| Lender | Rate | Loan to Value | Rate Type |
| Santander | 5.29% | 75% | 2-year fixed |
| Metro | 5.09% | 60% | 2-year fixed |
| Halifax | 4.74% | 75% | 5-year fixed |
| Platform (Co-Op) | 4.71% | 60% | 5-year fixed |
Buy to Let Purchase Rates
| Lender | Rate | Loan to Value | Rate Type |
| TMW | 5.63% (LTD) | 75% | 5-year fixed |
| Landbay | 5.09% (LTD) | 60% | 5-year fixed |
| TMW | 5.04% (Personal) | 75% | 5-year fixed |
| Principality | 4.78% (Personal) | 60% | 5-year fixed |
Products correct as of 16.06.23
ALL MORTGAGE RATES ARE SUBJECT TO CREDIT STATUS, INCOME AND AFFORDABILITY. ARRANGEMENT FEES AND EARLY REPAYMENT CHARGES MAY APPLY TO THESE PRODUCTS THESR ARE FOR ILLUSTRATIVE PURPOSES OF RATES. PLEASE CONTACT AN ADVISER FOR A RECOMMENDATION TO MEET YOUR CIRCUMSTANCES
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
