Our weekly guide on Best Buy Mortgage Rates. You can check out our Guides, providing insight on Mortgages, Property, Protection, Money and Wealth
Interest Rates Market Update
A number of mortgage lenders have increased rates over the past few weeks, this is in response to the lack of certainty of a Bank of England base rate reduction in the coming months. Despite inflation falling, Bank of England are remaining reserved about reducing rates and therefore swap rates have increased impacting mortgage rates.
First Time Buyers Fixed Rates
| Lender | Rate | LTV | Rate Type |
| Virgin | 5.64% | 95% | 2-year fixed |
| HSBC | 5.23% | 90% | 2-year fixed |
| Virgin | 5.26% | 95% | 5-year fixed |
| HSBC | 4.83% | 90% | 5-year fixed |
Large Mortgage Loans Purchase Rates over £1m
| Lender | Rate | LTV | Rate Type |
| NatWest | 5.07% | 85% | 2-year fixed |
| Santander | 4.83% | 75% | 2-year fixed |
| Halifax | 5.83% | 85% | 2-year tracker |
| Nationwide | 5.40% | 75% | 2-year tracker |
Remortgage Fixed Rates
| Lender | Rate | LTV | Rate Type |
| Halifax | 4.90% | 75% | 2-year fixed |
| Santander | 4.79% | 60% | 2-year fixed |
| Santander | 4.59% | 75% | 5-year fixed |
| Santander | 4.40% | 60% | 5-year fixed |
| Virgin | 4.89% | 75% | 10-year fixed |
Buy to Let Purchase Rates
| Lender | Rate | LTV | Rate Type |
| NatWest | 4.64% | 75% | 5-year fixed |
| TMW (SPV) | 5.59% | 75% | 5-year fixed |
PRODUCTS CORRECT AS OF 02.05.24
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. ALL VIEWS IN MARKET COMMENTARY ARE THE PERSONAL OPINIONS OF THE AUTHOR.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
