Our weekly guide on Mortgage Best Buys. 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.
Mortgage Best Buys
Mortgage rates have levelled in the last week, some lenders entering the sub 4% market for 5-year fixed on low loan to value mortgage (under 60%) and lenders starting to compete-hard on price. I’d anticipate more ‘Lender Price Wars” wars’ in the coming weeks, this can only be good for consumers in the short-term but unsure of the longevity of lenders being able to cope with margins diminishing given where SWAP and BoE base rate is sat. Time will tell, in the meantime as Advisers all we can continue to do is advise on our clients circumstances to allow them to make informed decisions on the most suitable products for them.
First Time Buyers
| Loan to Value | Rate Type | Rate | Lender |
| 95% | 2-year fixed | 5.30% | Skipton BS |
| 90% | 2-year fixed | 5.00% | Coventry BS |
| 95% | 5-year fixed | 4.75% | Skipton BS |
| 90% | 5-year fixed | 4.53% | Skipton BS |
Remortgage
| Loan to Value | Rate Type | Rate | Lender |
| 75% | 2-year fixed | 4.49% | Nationwide BS |
| 60% | 2-year fixed | 4.44% | Nationwide BS |
| 75% | 5-year fixed | 4.10% | Virgin Money |
| 60% | 5-year fixed | 3.99% | Virgin Money |
| 75% | 2-year tracker | 4.34% | Nationwide BS |
| 60% | 2-year tracker | 4.24% | Nationwide BS |
Large Loans over £1m
| Loan to Value | Rate Type | Rate | Lender |
| 85% | 2-year fixed | 4.66% | Halifax |
| 75% | 2-year fixed | 4.37% | Leeds BS |
| 85% | 2-year tracker | 4.46% | Barclays |
| 75% | 2-year tracker | 4.36% | Barclays |
ALL MORTGAGE RATES ARE SUBJECT TO CREDIT STATUS, INCOME AND AFFORDABILITY. ARRANGEMENT FEES AND EARLY REPAYMENT CHARGES MAY APPLY TO THESE PRODUCTS, PLEASE CONTACT AN ADVISER FOR A RECOMMENDATION.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
