The Best Residential Mortgage Rates 06 08 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 06/08/2021

Nationwide Building Society once again offered the lowest rates in the remortgage and moving home charts this week, although a rate reduction earlier in the week sees Lloyds Bank also offer the lowest two year fixed remortgage rate. As well as this, there is now more competition for the lowest rate in the first-time buyer chart with HSBC offering the joint-lowest two year fixed rate and Digital Mortgages by Atom Bank now offering the lowest five year rate.

Below we have highlighted the lowest rates available in our remortgage, moving home and first-time buyer charts this week, although mortgage borrowers should keep in mind that the lowest rate may not be the best deal for them. Instead, borrowers should consider the overall total cost of the mortgage, taking into account factors such as product fees. Consumers unsure of which deal is right for them should consider speaking to a mortgage broker who will be able to provide advice on the best deal for their individual circumstances.

The best remortgage rates

 

Provider

Rate

Initial rate period

Product fee

 

Lloyds Bank
Nationwide Building Society

0.91% fixed
0.91% fixed

Two years
Two years

£1,499
£1,499

Speak to a broker
Speak to a broker  

Nationwide Building Society

0.94% fixed

Three years

£999

Speak to a broker

Nationwide Building Society

0.99% fixed

Five years

£1,499

Speak to a broker

 

Both Lloyds Bank and Nationwide Building Society had the lowest rate in the two year fixed rate remortgage chart this week. Lloyds Bank offers 0.91% (3.2% APRC) fixed until 30 November 2023 and then reverts to 3.59%. This deal is available at a 60% loan-to-value (LTV) and borrowers must take a minimum loan of £250,000. It charges £1,499 in product fees and comes with the incentives of a free valuation and no legal fees, in addition Club Lloyds account holders earn £200 cashback. Nationwide Building Society offers 0.91% (3.2% APRC) fixed for two years and then reverts to 3.59%. A maximum 60% LTV is needed for this mortgage and borrowers must take a minimum loan of £300,000. It charges £1,499 in product fees and comes with the incentive of a free valuation, along with £500 cashback on completion or no legal fees.

Nationwide Building Society continued to have the lowest three year fixed remortgage rate this week. It offers 0.94% (3.0% APRC) fixed for three years and then reverts to 3.59%. This deal is available at a 60% LTV and charges £999 in product fees. It comes with the incentive of a free valuation, as well as £500 cashback on completion or no legal fees.

Nationwide Building Society also continued to offer the lowest five year fixed remortgage rate this week. Its five year deal offers 0.99% (2.7% APRC) fixed for five years and then reverts to 3.59%. This deal is available at a 60% LTV and borrowers must take a minimum loan of £300,000. It charges £1,499 in product fees and comes with the incentive of a free valuation, along with £500 cashback or no legal fees.

Compare remortgages

The best mortgage rates for home-movers

 

Provider

Rate

Initial rate period

Product fee

 

Nationwide Building Society

0.91% fixed

Two years

£1,499

Speak to a broker

Nationwide Building Society

0.94% fixed

Three years

£999

Speak to a broker

Nationwide Building Society

0.99% fixed

Five years

£1,499

Speak to a broker

 

The lowest two year fixed rate in the moving home chart this week once again came from Nationwide Building Society, which offers 0.91% (3.2% APRC) fixed for two years, which then reverts to 3.59%. The deal is available at a 60% LTV and a minimum loan of £275,000 must be taken. It charges £1,499 in product fees and comes with the incentive of a free valuation, as well as a green reward of up to £500 for eligible properties.

Nationwide Building Society also had the lowest rate in the three year fixed moving home chart this week. It offers 0.94% (3.0% APRC) fixed for three years and then reverts to 3.59%. This deal is available to those with a 60% LTV. It charges £999 in product fees and comes with the incentive of a free valuation and a green reward of up to £500 for eligible properties.

This week Nationwide Building Society once again had the lowest rate in the five year fixed moving home chart. It offers 0.99% (2.7% APRC) fixed for five years, after which it reverts to 3.59%. This deal is available at a 60% LTV and borrowers must take a minimum loan of £275,000. The deal charges £1,499 in product fees and comes with the incentive of a free valuation, as well as a green reward of up to £500 for eligible properties.

Compare moving home mortgages

The best first-time buyer mortgages

 

Provider

Rate

Initial rate period

Product fee

 

HSBC
Platform

2.29% fixed
2.29% fixed

Two years
Two years

£999
£999

Speak to a broker
Speak to a broker

Digital Mortgages by Atom Bank

2.74% fixed

Five years

£1,500

Speak to a broker

 

Both HSBC and Platform had the lowest two year fixed rate in the first-time buyer chart this week. HSBC offers 2.29% (3.4% APRC) fixed until 30 November 2023, which reverts to 3.54%. This deal is available at a 90% LTV. It charges £999 in product fees and comes with the incentive of a free valuation. Platform offers 2.29% (4.1% APRC) fixed until 31 October 2023 and then reverts to 4.34%. It is available at a 90% LTV and charges £999 in product fees. This deal comes with the incentives of a free valuation and £250 cashback.

The lowest five year fixed rate in our first-time buyer chart this week came from Digital Mortgage by Atom Bank. This deal offers 2.74% (3.3% APRC) fixed until 30 November 2026 and then reverts to 3.50%. It is available at a 90% LTV and borrowers must take a minimum loan of £145,000. It charges £1,500 in product fees and comes with the incentive of a free valuation.

Compare first-time buyer mortgages

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