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The best mortgage rates this week

The best mortgage rates this week

Category: Mortgages
Author: Derin Clark
Date: 05/04/2019

This week saw some movement in several Best Buy charts, particularly in the three-year fixed chart, which saw a number of rates being increased. The two-year fixed rate chart remained static this week with the rate topping the Best Buy chart at 1.54%. In the three-year fixed rate Best Buy chart, a rate of 1.74% remained at the top, but rates further down increased resulting in some providers dropping out of the top three. The rate topping the five-year and over fixed Best Buy chart was 1.96%, while the rate topping the remortgage Best Buy chart now stands at 1.44%.

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%
  • NatWest – 1.60%
  • first direct – 1.64%

Yorkshire Building Society topped the two-year fixed rate Best Buy chart this week with a rate of 1.54% fixed until 30 June 2021. This deal requires a deposit of 35% (65% LTV) and charges a completion fee of £995. It comes with the incentives of free valuation and £250 cashback. It allows underpayments, overpayments and payment holidays. NatWest held second place in the Best Buy chart this week with its rate of 1.60% that is fixed until 30 June 2021. A 20% deposit (80% LTV) is needed for this deal and it charges a booking fee of £995. It comes with the incentive of £250 cashback and allows overpayments.

first direct remained in third position with its rate of 1.64% that is fixed for two years. A deposit of 25% (75% LTV) is needed and it charges a booking fee of £490, which increases depending on the amount borrowed. It comes with the incentive of free valuation and allows overpayments.

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%
  • Yorkshire Building Society – 1.89%
  • Yorkshire Building Society – 1.99%

Remaining at the top of the three-year fixed rate Best Buy chart this week was HSBC with its rate of 1.74% that is fixed until 31 July 2022. A booking fee of £999 is charged and it requires a deposit of 25% (75% LTV). This deal comes with the incentive of free valuation and it allows overpayments. Yorkshire Building Society was new into the second and third spots in the Best Buy chart this week. It is offering a rate of 1.89% fixed until 30 June 2022 for a 15% deposit (85% LTV) which charges a completion fee of £995. For borrowers wanting to avoid paying a fee, the building society is offering a rate of 1.99% fixed until 30 June 2022 for a 25% deposit (75% LTV), which charges no upfront fees. Both rates include the incentive of free valuation fees and allow underpayments, overpayments and payment holidays.

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 – 2.10%

The rate at the top of the five-year and over fixed rate Best Buy chart was from Yorkshire Building Society at 1.96% that is fixed until 30 June 2024. This deal requires 25% deposit (75% LTV) and charges a completion fee of £995. It comes with the incentives of free valuation and £500 cashback. Halifax sits in second place offering a rate of 2.03% that is fixed until 31 May 2024 on a 20% deposit (80% LTV). This deal charges an arrangement fee of £995. Yorkshire Building Society is also in third place this week, offering a rate of 2.10% that is fixed until 30 June 2024. This rate requires a 15% deposit (85% LTV) and charges a completion fee of £995. All these deals allow overpayments and payment holidays, while both Yorkshire Building Society rates also allow underpayments but the Halifax product does not.

A selection of the best remortgage deals

In the Best Buy remortgage chart this week:

  • Santander - 1.44% variable
  • Sainsbury's Bank - 1.93% fixed
  • Mansfield Building Society – 2.05% discounted variable

New to the top of the remortgage Best Buy chart this week was Santander offering a rate of 1.44% variable for two years. This deal requires 60% LTV and charges an arrangement fee of £999. It includes the incentives of free valuation admin fees for those in England, Wales and Northern Ireland, £250 cashback on completion or free legal fees, free valuation (up to a maximum of £1190) in England, Wales and Northern Ireland or £95 towards valuation fees in Scotland. It also permits overpayments. Second place in the remortgage Best Buy chart this week was Sainsbury's Bank with a rate of 1.93% that is fixed until 30 June 2021. 80% LTV is needed for this deal and it includes the incentives of free valuation, free legal fees and no arrangement fees. It allows underpayments, overpayments and payment holidays. Mansfield Building Society was in third place this week with its three-year discount variable rate of 2.05%. This deal requires 80% LTV and charges £300 completion and £199 booking fees. It includes the incentives of free legal fees and free valuation. It also permits 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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