Here’s the latest mortgage rates available today for movers, first time buyers and for remortgage. Do bear in mind that costs often apply in the way of product fees and valuation fees. Also, the lowest rate is not necessarily the best deal.
Why? Because you have to factor in not just the comparable interest rate but also the fees and such things as early redemptions costs. Lenders all vary in what they charge if you want to redeem the mortgage early plus you need to consider what happens when your fixed rate finishes. What’s the rate then?
You’ll also want to consider the loan to value (LTV) from one loan to another as generally, the lower the LTV the better the rate.
Always talk to a whole of market broker to shop all deals for you, not just your existing bank who’ll show you just theirs.
Contact us for recommendations.
Best Mortgage Rates for Movers:
Nat West 1.19% fixed for two years. 60% LTV
HSBC 1.34% fixed for three years. 60% LTV
HSBC 1.41% fixed for five years. 60% LTV
Best First Time Buyer Mortgage Rates:
Leek United Building Society 2.6% discounted variable for two years. 95% LTV
Nationwide 3.09% fixed for two years. 95% LTV
Nationwide 3.39% fixed for three years. 95% LTV
Barclays 2.75% fixed for five years. 95% LTV
Best Remortgage Rates:
Nat West 1.19% fixed for two years. 60% LTV
HSBC 1.34% fixed for three years. 60% LTV
HSBC 1.41% fixed for five years. 60% LTV
