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The best mortgage rates this week

The best mortgage rates this week

Category: Mortgages
Author: Derin Clark
Date: 22/03/2019

The tops of the Best Buy mortgage charts this week have remained static without out much movement in rates being offered. Despite this there are still some highly competitive deals being offered to borrowers, especially within the short-term fixed rate mortgage Best Buy chart. The lowest rate being offered in the Best Buy mortgage charts this week was 1.54% being offered in the two-year fixed rate chart, while the lowest rate in the three-year fixed rate chart was being offered at 1.74%. In the long-term fixed rate Best Buy mortgage chart the lowest rate being offered this week was 1.96%, while those looking to remortgage would be able to get a rate as low as 1.59%.

A selection of the best two-year fixed rate mortgages

In the Best Buy two-year fixed rate mortgage chart this week:

  • Yorkshire Building Society 1.54%
  • first direct 1.65%
  • Sainsbury's Bank 1.79%

Topping the two-year best buy chart this week was Yorkshire Building Society offering a rate of 1.54%, which remains fixed until 30 June 2021. This deal requires a deposit of 35% (65% LTV) and charges a completion fee of £995. It includes the incentives of free valuation fees and £250 cashback; while underpayments, overpayments and payment holidays are allowed with this mortgage. first direct took second place this week with a rate of 1.65% that remains fixed for two years. To get this deal a minimum deposit of 25% (75% LTV) is required and it charges a booking fee of £490, which increases depending on the amount borrowed. It comes with the incentive of free valuation fees and allows overpayments.

In third place this week was Sainsburys Bank offering a rate of 1.79% that is fixed until 30 June 2021. This deal requires a minimum deposit of 25% (75% LTV) and it includes the incentives of free valuation fees and no arrangement fees. It allows underpayments, overpayments and payment holidays.

A selection of the best three-year fixed rate mortgages

In the Best Buy three-year fixed rate mortgage chart this week:

  • HSBC 1.74%
  • Barclays 1.79%
  • Coventry Building Society 1.89%

There were a number of highly competitive rates available in the three-year mortgage chart this week with all three providers topping the chart offering rates below 2%. HSBC topped the Best Buy chart offering a rate of 1.74% that remains fixed until 31 July 2022. This deal requires a minimum deposit of 25% (75% LTV) and charges a booking fee of £999. It comes with the incentive of free valuation fees and allows overpayments. In second place was Barclays offering a rate of 1.79% which is fixed until 30 April 2022. To get this deal a minimum deposit of 25% (75% LTV) is required and it charges an arrangement fee of £999. This deal comes with the incentive of free valuation fees for properties valued to a maximum of £2m and allows overpayments. Third in this week's chart was Coventry Building Society with a rate of 1.89% that is fixed until 30 June 2022. This deal requires a deposit of 15% (85% LTV) and charges an arrangement fee of £999. It allows overpayments and includes the incentive of free valuation fees to a maximum of £670.

A selection of the best five-year fixed rate mortgages

In the Best Buy five year and over fixed rate mortgage chart this week:

  • Yorkshire Building Society 1.96%
  • Halifax 2.03%
  • Yorkshire Building Society 2.06%

Yorkshire Building Society dominated the top of the long-term mortgage Best Buy chart this week taking first and third positions. Its top rate was 1.96% for a deposit of 25% (75% LTV), while it took third spot with a rate of 2.06% for a deposit of 15% (85% LTV), both rates remain fixed until 30 June 2024. Both deals charge a completion fee of £995 and come with the incentive of free valuation fees. The 1.96% rate also includes the incentive of £500 cashback, while the 2.06% rate has the incentive of £250 cashback. Both rates allow underpayments, overpayments and payment holidays.

A selection of the best remortgage deals

In the
Best Buy remortgage chart this week:

  • Skipton Building Society 1.59% variable
  • Sainsbury's Bank 1.93% fixed
  • Mansfield Building Society 2.05% discount variable

The remortgage Best Buy chart remained competitive this week with the top rate in the chart being offered by Skipton Building Society at 1.59% variable for two years for a 60% LTV. This deal includes the incentives of free valuation fees, free legal fees and no arrangement fees. Overpayments and payment holidays are allowed.

Sainsburys Bank was once again in second place this week with a rate of 1.93% fixed until 30 June 2021 for an 80% LTV. This deal includes the incentives of free valuation fees, free legal fees and no arrangement fees. It also allows underpayments. Overpayments and payment holidays. Mansfield Building Society took third place this week with a rate of 2.05% discounted variable for three years. It charges a completion fee of £300 and a booking fee of £199, while also having the incentives of free legal fees and free valuation fees. It allows overpayments.

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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