Last updated: 24 April 2024 at 14:15
Leading mortgage rates rise as providers increase rates.
This week saw several lenders raise the rates on their mortgage products, including HSBC, first direct, Barclays Mortgage and MPowered Mortgages, to name just a few.
As a result, most of the lowest rates on deals for remortgage borrowers and homemovers have increased this week. With rates edging higher, it’s even more important for anyone looking to take out a mortgage to compare deals and seek advice where necessary.
In more positive news, the lowest mortgage rates for first-time buyers remain largely unchanged. However, even though these rates appear to have remained more stable, it continues to be a challenging market for first-time buyers.
If you’ve decided now is the right time to move home, remortgage or join the property ladder, we provide more information on some of the lowest mortgage rates currently available. However, as the lowest rate may not always be the most effective choice for your needs and circumstances, we’ve also offered some alternative deals which feature on our Moneyfacts Best Buy chart based on their overall true cost.
Otherwise, for a complete overview of the mortgage market, visit our charts.