The Best Residential Mortgage Rates 09 12 21 | moneyfacts.co.uk

Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.


Derin Clark

Derin Clark

Online Reporter
Published: 09/12/2021

Research published this week shows that, although rates on deals requiring a higher deposit or equity owned in a property have risen slightly month-on-month, rates on deals needing just a 5% deposit are falling. This is good news for first-time buyers looking to get onto the property ladder, but as we reported earlier in the week , buying a property with such a low deposit comes with risks.

Although we’ve highlighted the lowest rates across our mortgage charts, borrowers should always keep in mind that the lowest rate may not be the best, or most cost effective, deal for them. Instead, it is important to consider factors such as product fees and incentives when comparing mortgage deals, as these can have a significant impact on the cost of the mortgage. 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 circumstances.

The best remortgage rates

Provider Rate Initial rate period Product fee  
Barclays Mortgage 1.11% fixed Two years £999 Speak to a broker
TSB 0.94% fixed Three years £995 Speak to a broker
Barclays Mortgage 1.32% fixed Five years £999 Speak to a broker

 

This week, the lowest rate in our two year fixed remortgage chart available to those located in all areas of the UK comes from Barclays Mortgage. Its deal offers 1.11% (3.2% APRC) fixed until 29 February 2024 and then reverts to 3.59%. Homeowners must have a minimum of 40% equity in their property to be eligible for this deal. It charges £999 in product fees.

The lowest three year fixed remortgage rate this week continues to come from TSB with a deal offering 0.94% (3.0% APRC) fixed until 28 February 2025, after which it reverts to 3.59%. This deal is available to those with 40% equity in their property and charges £995 in product fees. It comes with the incentive of a free valuation and free legal fees.

In our five year fixed remortgage chart the lowest rate available to those in all areas of the UK comes from Barclays Mortgage. Its deal offers 1.32% (2.8% APRC) fixed until 28 February 2027, which then reverts to 3.59%. Homeowners need to own a minimum of 40% equity in their home for this deal. It charges £999 in product fees and comes with the incentive of free valuation, as well as free legal fees or £250 cashback.

The best mortgage rates for home-movers

Provider Rate Initial rate period Product fee  
Barclays Mortgage 1.11% fixed Two years £999 Speak to a broker
TSB 1.09% fixed Three years £995 Speak to a broker
Barclays Mortgage 1.32% fixed Five years £999 Speak to a broker

 

Homeowners looking to move home will find that in our two year fixed moving home chart the lowest rate on a deal available to those in all areas of the UK comes from Barclays Mortgage. This deal offers 1.11% (3.2% APRC) fixed until 29 February 2024, which then reverts to 3.59%. The deal is available to those with a 40% deposit and charges £999 in product fees.

The lowest rate in our three year fixed moving home chart this week is from TSB, which offers 1.09% (2.3% APRC) fixed until 28 February 2025 and then reverts to 2.59%. This deal requires a 40% deposit and charges £995 in product fees. It comes with the incentive of free valuation fees.

Those looking for a five year fixed moving home mortgage will find that the lowest rate on a deal available to those located in all areas of the UK comes from Barclays Mortgage this week. This deal offers 1.32% (2.8% APRC) fixed until 28 February 2027, after which it reverts to 3.59%. A 40% deposit is needed for this mortgage and it charges £999 in product fees. It comes with the incentive of free valuations for properties valued to a maximum of £2 million.

The best first-time buyer mortgages

Provider Rate Initial rate period Product fee  
Halifax 1.64% fixed Two years £995 Speak to a broker
Barclays Mortgage 2.13% fixed Five years £999 Speak to a broker

 

The lowest rate in our two year fixed first-time buyer chart this week on a deal available to those in all areas of the UK continues to come from Halifax. This deal offers 1.64% (3.3% APRC) fixed until 29 February 2024, which then reverts to 3.59%. A 10% deposit is needed for this deal and a minimum loan of £100,000 must be taken. It charges £995 in product fees.

First-time buyers looking for a five year fixed deal will find the lowest rate this week comes from Barclays Mortgage, which offers 2.13% (3.1% APRC) fixed until 28 February 2027 and then reverts to 3.59%. This deal is available to those with a 10% deposit and charges £999 in product fees. It comes with the incentive of free valuation fees for properties valued to a maximum of £2 million.

Mortgage Repayment Calculator

£
Your Result
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. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

mortgage documents with keys

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy