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The best mortgage rates this week

The best mortgage rates this week

Category: Mortgages
Author: Derin Clark
Date: 01/03/2019

The main mortgage news this week was the increase in buy-to-let (BTL) products. Research carried out by Moneyfacts showed that the number of BTL products is at its highest level in over a decade and landlords currently have 2,162 BTL mortgages to choose from. The last time product choice was higher was before the financial crisis in October 2017, when 3,305 products were available. If you are currently looking for a mortgage or remortgage our selection of some of the best mortgage rates will help you to find the right deal.

A selection of the best two-year fixed rate mortgages

This week Yorkshire Building Society offered a competitive rate of 1.46% that remains fixed until 31 March 2021, which then reverts to a variable rate of 4.25%. This deal requires a 35% deposit and charges a £995 completion fee. The mortgage allows underpayments, overpayments and payment holidays, and also offers £250 cashback.

Another highly competitive mortgage this week came from
first direct which is offering a fixed two-year rate of 1.65% that reverts to 4.19% variable. This mortgage requires a 25% deposit. It charges a booking fee that starts at £490 for a maximum £400,000 mortgage advance, but rises for advances above this. Valuation fees and remortgage legal fees are free with this deal, which allows overpayments.


Post Office Money was also offering a highly competitive mortgage deal this week with a 1.90% fixed rate until 31 May 2021, which then reverts to 4.74% variable. This deal requires a 15% deposit and charges an arrangement fee of £495. The incentives with this deal are free valuation fees and £500 cashback. Overpayments are allowed with this mortgage.

A selection of the best three-year fixed rate mortgages

Once again this week
HSBC UK offered one of the most competitive three-year fixed rate mortgages. This mortgage is offering a fixed rate of 1.75% to 30 April 2022 that reverts to a variable rate of 4.19%. To get this deal a 25% deposit is required and a booking fee of £999. This deal includes an incentive package that comprises of free legal fees for remortgage customers and a free valuation. Overpayments are allowed with this deal.


Barclays once again offered a number of competitive deals this week including its 1.79% fixed rate until 30 April 2022 that reverts to 4.24% variable. This deal requires a deposit of 25% and it charges an arrangement fee of £999. An incentive package of a free valuation for all borrowers is included for properties valued at a maximum of £2m, while remortgage customers also get free legal fees. This mortgage allows overpayments.

Making the selection again this week is Coventry Building Society, which is offering a fixed rate of 1.89% until 31 March 2022 that reverts to 4.99% variable. This deal charges a completion fee of £999 and requires a deposit of 15%. An incentive package of free valuation fees (up to £670)_. Overpayments s are all allowed with this mortgage.

A selection of the best five-year and over fixed rate mortgages

Yorkshire Building Society offered several competitive long-term fixed rate mortgages this week including one at 1.96% fixed rate until 31 March 2024 that reverts to 4.99% variable. This deal requires a 25% deposit and charges a £995 completion fee. It also includes an incentive package of a free valuation and £500 cashback. Underpayments, overpayments and payment holidays are all allowed with this mortgage.

Another bank that offers a number of competitive long-term fixed rate deals this week is
TSB. One of its most attractive rates was 2.04% fixed rate until 31 May 2024 that reverts to 4.29% variable. This mortgage charges an arrangement fee of £995 and a 20% deposit is required. The deal includes an incentive of free valuation fees and allows overpayments and payment holidays.


HSBC UK made an impact on the Best Buy chart this week with its 2.29% fixed rate until 30 April 2024 that reverts to 4.19% variable. This mortgage requires a deposit of just 10% and includes an incentive package of free legal for remortgage customers and valuation fees. There's a booking fee of £999 and overpayments are allowed.

A selection of the best remortgage deals

One of the best remortgage deals this week is from Skipton BS with a two-year variable rate of 1.58% that reverts to 4.99% variable. This remortgage deal requires a 40% deposit and includes an incentive package of free valuation, legal and arrangement fees. Overpayments and payment holidays are allowed.

A high street bank offering a competitive remortgage deal this week is
HSBC UK, which is offering a fixed rate of 1.64% until 30 April 2021 that then reverts to 4.19% variable. This mortgage requires a 20% deposit and charges a booking fee of £999. It also comes with an incentive package that includes free legal and valuation fees. Overpayments are allowed with this deal.

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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