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The best residential mortgage rates 27.11.20
Derin Clark

Derin Clark

Online Reporter
Published: 27/11/2020

The mortgage charts have remained highly competitive this week, with low rates continuing to be offered in both the remortgage and moving home charts. Although first-time buyers with a low deposit of 10% or less will still find the market challenging, there are options available, but those struggling to find a deal should consider speaking to a mortgage broker who will be able to provide help finding the best deals available.

Below we have highlighted the lowest rates available in the remortgage and moving home charts, as well as some of the best deals in the guarantor mortgage chart. Borrowers should be aware the lowest rates may not offer the best deal overall and should also consider factors such as product fees and incentives when choosing a mortgage.

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The best savings rates this week 27.11.20

This week saw a number of highly competitive savings accounts have rates cut, most noticeable NS&I cut a range of its saving rates, which was first announced in September. As well as this, Saga reduced the rate on its easy access savings account this week. Meanwhile, rates also fell in the fixed rate bond and notice charts during the week.

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The best lifetime mortgage rates available during November 2020

Lifetime mortgage rates have been falling over the past years, making the deals far more competitive. As such, borrowers considering releasing equity from their homes have many more plans to choose from. Although speaking to an equity release broker can help borrowers to choose the right product for their individual circumstances (and some products may only be available from an independent equity release adviser), below we’ve highlighted a selection of the lowest rates available on lifetime mortgages that allow drawdown.

It should be noted that the plans we’ve highlighted are not endorsed by Moneyfacts.co.uk, but have instead been chosen because they offer the lowest rates listed by Moneyfacts for the scenario that we have selected. For more information about equity release, take a look at our equity release FAQs page.

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Will consolidating debt into a secured loan reduce monthly repayments?

With the current economic uncertainty, borrowers with a high amount of outstanding personal debts will likely be looking for ways to reduce their repayments and make the debts more manageable. For many, consolidating debt into a loan provides an easy and efficient way of managing the debt and can also reduce the monthly repayments.

Although a personal loan is often the most common way for borrowers to reduce debt, for those with a significant amount of outstanding debt, a secured loan might be an option.

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The best ISA rates this week 26.11.20

The top ISA rate available in the charts this week continues to be offered on a seven year fixed rate ISA, which pays 1.25% AER. Savers looking for an easy access ISA will be disappointed to see that Paragon Bank’s chart-topping ISA from last week has been withdrawn, resulting in a new, lower rate now topping this chart. Meanwhile, in the notice ISA chart, last week’s top rate of 1.00% AER is no longer available, and two providers now offer the new top rate of 0.75% AER.

It should be noted that the rates below are the best rates available at 12pm on Thursday 26 November 2020 and, although correct at the time of publishing, they may not be available after this time.

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Moneyfacts Weekly Product News – 26.11.20

26th November 2020

The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 23.11.20

The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 23.11.20

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How to increase your chances of getting a quick mortgage approval

25th November 2020

With the stamp duty reduction set to end on the 31 March 2021, time is running out for house buyers looking to benefit from the reduction

With the stamp duty reduction set to end on the 31 March 2021, time is running out for house buyers looking to benefit from the reduction

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Investors nervous about the economy are turning to property

25th November 2020

A combination of the impact of the Covid-19 pandemic and the coming to an end of the transition period for the UK leaving the EU has resulted over half of UK investors being nervous about the economy, a recent survey by the investment company FJP Investment has found

A combination of the impact of the Covid-19 pandemic and the coming to an end of the transition period for the UK leaving the EU has resulted over half of UK investors being nervous about the economy, a recent survey by the investment company FJP Investment has found

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How to pay off an interest-only mortgage

24th November 2020

UK Finance predicted that the number of interest-only mortgages set to mature during 2020 would be 54,000

UK Finance predicted that the number of interest-only mortgages set to mature during 2020 would be 54,000

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What are the best ISA investment funds in November 2020?

19th November 2020

The value of equities has rocketed to their highest levels since June as stock markets globally rose in value following the news of the Moderna vaccine announced this week. This follows a previous surge in the value of stocks and shares after the Pfizer vaccine announcement made last week.

The value of equities has rocketed to their highest levels since June as stock markets globally rose in value following the news of the Moderna vaccine.

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Government announces launch of new Help to Buy scheme

17th November 2020

The Government is set to replace the existing Help to Buy Equity Loan scheme with a new scheme that is restricted to first-time buyers only and introduces regional price limits

The Government is set to replace the existing Help to Buy Equity Loan scheme with a new scheme that is restricted to first-time buyers only and introduces regional price limits

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The best savings rates this week 20.11.20

20th November 2020

This is our round up of the best savings rates available this week.

This is our round up of the best savings rates available this week.

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Mortgage rates rise for third consecutive month

12th October 2020

Consumers looking to lock into a new mortgage deal should act quickly, as mortgage rates continue to rise while the number of deals available is falling

Consumers looking to lock into a new mortgage deal should act quickly, as mortgage rates continue to rise while the number of deals available is falling

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Our Team of Specialists

Michelle Monck
Consumer Finance Expert
Derin Clark
Online Reporter
Rachel Thrussell
Savings Analytics Manager
Darren Cook
Mortgage Analytics Manager
Rachel Springall
Finance Expert & Press Officer
Sarah Brooks
Sub-Editor

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