Lenders continued to increase rates and withdraw mortgage products this week. Newcastle Building Society, West Brom Building Society, the Post Office, Coventry Building Society and Marsden Building Society all withdrew mortgage products this week. While Leek Building Society, Santander, Coventry Building Society, Principality Building Society, HSBC, Skipton Building Society and Nottinghamshire Building Society increased rates on selected mortgages. Only the Halifax, Stafford Railway Building Society and Leek Building Society introduced new mortgage products this week.
First-time buyers at 90% LTV and above now have very limited choices for a mortgage. Nationally Nationwide Building Society and Virgin Money still have 90% LTV mortgages available but there are conditions to these. First time buyers that cannot meet these will find they need a family member willing to offer their assets as security or face the post code lottery of local building societies that have restricted first-time lending to their localities only.
We have set out below the best mortgage rates for those wanting to remortgage, move home and for first-time buyers. We list the best mortgage deals available directly from the lender that are available across Great Britain. All the rates shown are for those mortgages available at 60% LTV unless otherwise stated.