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
We’ve seen another week of ‘mass lender rate withdrawals’ across a number of products ranges, the majority increasing rates, some lenders providing no notice. The 5-year fixed rates at low loan to values have now risen back above 4% and 2-year fixes on average are 0.5% higher than their respective 5-year fixed rates. The tracker products proving more expensive, the only benefit for these products is if rates fall or if you are looking for no-tie flexibility; whilst all the while starting at a higher baseline for the rate.
First Time Buyers Fixed Rates
| Lender | Rate | Loan to Value | Rate Type |
| Halifax | 5.60% | 95% | 2-year fixed |
| Halifax | 4.89% | 90% | 2-year fixed |
| HSBC | 5.05% | 95% | 5-year fixed |
| Santander | 4.51% | 90% | 5-year fixed |
Large Mortgage Loans Purchase Rates over £1m
| Lender | Rate | Loan to Value | Rate Type |
| NatWest | 5.21% | 85% | 2-year fixed |
| Halifax | 4.84% | 75% | 2-year fixed |
| Natwest | 5.29% | 85% | 2-year tracker |
| Leeds | 4.80% | 75% | 2-year tracker |
Remortgage Fixed Rates
| Lender | Rate | Loan to Value | Rate Type |
| Santander | 4.56% | 75% | 2-year fixed |
| Santander | 4.49% | 60% | 2-year fixed |
| Santander | 4.18% | 75% | 5-year fixed |
| Santander | 4.08% | 60% | 5-year fixed |
Products correct as of 02.06.23
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.
