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News

Product focus: Mortgages

Product focus: Mortgages

Category: Mortgages

Updated: 07/04/2011
First Published: 07/04/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

While the Bank of England has today announced a further freeze on interest rates, a rise is more than likely in the not too distant future.

As a result many homeowners will currently be assessing their mortgage options.

A choice for some will be whether to move off their lender's standard variable rate and onto a new deal.

Here is a selection of some of the most competitive mortgage deals on the market.

Yorkshire Building Society

  • Borrowers looking to fix their mortgage payments for five years are being offered a rate of 4.19pc until the 30 June 2016.
  • The deal is available to borrowers with a 25pc deposit and is subject to a £1,300 arrangement fee, plus a £195 booking fee.
  • No incentives are offered with the mortgage, although flexible options are available.

Norwich & Peterborough Building Society

  • Norwich & Peterborough Building Society is offering borrowers with a 15pc deposit a rate of 3.99pc fixed for two years.
  • The deal is available to homebuyers and remortgagers and is subject to a £995 fee.
  • No incentives are offered with the mortgage, although flexible options are available.

HSBC

  • HSBC continues to offer the lowest mortgage rate on the market by offering a two year discounted variable rate, currently charging 1.99pc.
  • The deal is available for borrowers with a 40pc deposit and is subject to a £999 fee.
  • The deal is available to homebuyers and remortgagers and comes with an incentive of free legal fees for remortgagers.

Find the best mortgage rate - Compare best selling mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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