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
UK Inflation has fallen to 7.90%, a positive marker that the increases to Bank of England in previous month is having an impact on consumer spending. This has in-hand resulted in a slight reduction is SWAP rates, the rates banks and mortgage lenders borrow from. In recent weeks we have seen mortgage-rates continue to increase to 6-7% for most mainstream rates; however with this positive signal in the market there is a glimmer we will see the SWAP rate reductions passed on to consumers via the mortgage rates. The market though is far from stable and in the past 6-12 months we’ve seen the rates move up and down; trying to predict what will happen is almost impossible and therefore when discussing rates with your Mortgage Adviser, focus on your circumstances and what suits you as opposed to guessing the market movement.
First Time Buyers Fixed Rates
| Lender | Rate | Loan to Value | Rate Type |
| NatWest | 6.84% | 95% | 2-year fixed |
| HSBC | 6.29% | 90% | 2-year fixed |
| HSBC | 6.04% | 95% | 5-year fixed |
| Santander | 5.84% | 90% | 5-year fixed |
Large Mortgage Loans Purchase Rates over £1m
| Lender | Rate | Loan to Value | Rate Type |
| Barclays | 6.42% | 85% | 2-year fixed |
| Barclays | 6.14% | 75% | 2-year fixed |
| Halifax | 5.58% (+0.58% BoE) | 85% | 2-year tracker |
| Leeds BS | 5.30% (+0.30% BoE) | 75% | 2-year tracker |
Remortgage Fixed Rates
| Lender | Rate | Loan to Value | Rate Type |
| Santander | 6.14% | 75% | 2-year fixed |
| Santander | 6.14% | 60% | 2-year fixed |
| Santander | 5.64% | 75% | 5-year fixed |
| Santander | 5.64% | 60% | 5-year fixed |
| Nationwide | 5.04% | 75% | 10-year fixed |
Buy to Let Purchase Rates
| Lender | Rate | Loan to Value | Rate Type |
| TMW | 5.76% (Ltd) | 75% | 5-year fixed |
| NatWest | 5.74% (Personal) | 75% | 5-year fixed |
Products correct as of 21.07.23
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.
