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 Commentry
The Bank of England base rate has increased to 5.00%, the highest in 15 years. The further increase is to aid the inflation rate downward and stop consumer spending. We’ve seen a number of mortgage lenders manically reprice their rates upwards over the past two weeks, therefore majority of pricing as been factored into the repricing in anticipation of the Bank of England increasing the base rate. In our Best Buy Tables, some rates for a 5-year fix still under 5% but majority over 5% and some 95% mortgages now over 6% for First Time Buyers.
First Time Buyers Fixed Rates
| Lender | Rate | Loan to Value | Rate Type |
| Nationwide | 6.14% | 95% | 2-year fixed |
| HSBC | 5.49% | 90% | 2-year fixed |
| HSBC | 5.59% | 95% | 5-year fixed |
| HSBC | 5.07% | 90% | 5-year fixed |
Large Mortgage Loans Purchase Rates over £1m
| Lender | Rate | Loan to Value | Rate Type |
| Barclays | 5.72% | 85% | 2-year fixed |
| HSBC | 5.29% | 75% | 2-year fixed |
| NatWest | 5.29% | 85% | 2-year tracker |
| NatWest | 5.04% | 75% | 2-year tracker |
Remortgage Fixed Rates
| Lender | Rate | Loan to Value | Rate Type |
| 5.29% | Santander | 75% | 2-year fixed |
| 5.23% | Santander | 60% | 2-year fixed |
| 4.93% | Santander | 75% | 5-year fixed |
| 4.83% | Santander | 60% | 5-year fixed |
Buy to Let Purchase Rates
| Lender | Rate | Loan to Value | Rate Type |
| Nottingham | 5.75% (LTD) | 75% | 5-year fixed |
| Principality | 4.80% (Personal) | 75% | 5-year fixed |
Products correct as of 23.06.23
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.
