The Best Residential Mortgage Rates 09 04 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 09/04/2021

Homeowners who have come to the end of their current fixed rate deal and have moved onto their lender’s standard variable rate (SVR) should consider remortgaging, as it might reduce their monthly mortgage repayments. At the moment, rates in the remortgage charts remain highly competitive, making this a good time for homeowners to remortgage. Those looking to move home will also find that rates within the moving home charts remain competitive low this week, while those looking to take their first step onto the property ladder will be pleased to see that lenders are continuing to re-enter this market.

Although rate is important when looking at mortgage deals, the lowest rate on offer may not be the best deal for the borrower. Instead, they should consider a range of factors including product fees, incentives and flexible features when looking at deals. Those who would like more help and advice on choosing the right deal for their individual needs should consider speaking to a mortgage broker who will be able to highlight the best deals available.

The best remortgage rates

Provider Rate Initial rate period Product fee  
Platform 1.06% fixed Two years £1,499 Speak to a broker
Coventry Building Society 1.39% fixed Three years £999 Speak to a broker
Nationwide Building Society 1.19% fixed Five years £1,499 Speak to a broker

 

Platform continued to offer the lowest rate in the two year fixed remortgage chart this week offering 1.06% (3.9% APRC) fixed until 30 June 2023, which then reverts to 4.34% variable. This deal is available to those looking for a 60% loan-to-value (LTV). It charges £1,499 in product fees and comes with the incentives of free valuation, no legal fees and £250 cashback.

The lowest three year fixed rate in the remortgage chart this week came from Coventry Building Society, which offers 1.39% (3.7% APRC) fixed until 30 June 2024 and then reverts to 3.99% variable. The deal is available at a 50% LTV and charges £999 in product fees. It has the incentives of free valuation (up to a maximum of £670) and no legal fees.

This week, Nationwide Building Society had the lowest rate in the five year fixed remortgage chart offering 1.19% (2.8% APRC) fixed for five years after which it reverts to 3.59% variable. This deal is available to those at a 60% LTV and who require a minimum loan of £300,000. It charges £1,499 in product fees and comes with the incentives of free valuation, as well as £500 cashback on completion or no legal fees.

Compare remortgages

The best mortgage rates for home-movers

Provider Rate Initial rate period Product fee  
Platform 1.06% fixed Two years £1,499 Speak to a broker
TSB 1.34% fixed Three years £995 Speak to a broker
Nationwide Building Society
Platform

1.24% fixed

1,24% fixed

Five years

Five years

£1,499

£1,499

Speak to a broker

Speak to a broker

 

The lowest rate in the two year fixed moving home chart this week came from Platform, which offers 1.06% (3.9% APRC) fixed until 30 June 2023 and then reverts to 4.34% variable. This deal is available to those looking for a 60% LTV and charges £1,499 in product fees. It comes with the incentives of free valuation and £250 cashback.

TSB continued to have the lowest rate in the three year fixed moving home chart this week, with its deal offering 1.34% (3.1% APRC) fixed until 31 August 2024 and then reverts to 3.59% variable. The deal is available to those at a 60% LTV. It charges £995 in product fees and comes with the incentive of free valuation.

Nationwide Building Society and Platform both had the lowest rates in the five year fixed moving home chart this week. Nationwide Building Society offers 1.24% (2.8% APRC) fixed for five years and then reverts to 3.59% variable. This deal is available at a 60% LTV and borrowers must take a minimum loan of £275,000. It charges £1,499 in product fees and comes with the incentive of free valuation. Platform offers 1.24% (3.2% APRC) fixed until 30 June 2026, after which it reverts to 4.34% variable. This deal is available to those at a 60% LTV. It charges £1,499 in product fees and comes with the incentives of free valuation and £250 cashback.

Compare remortgages

The best first-time buyer mortgage rates

Provider Rate Initial rate period Product fee  
Coventry Building Society
Platform
Clydesdale Bank
Digital Mortgages by Atom Bank

2.99% fixed

2.99% fixed
2.99% fixed
2.99% fixed

Two years

Two years
Two years
Two years

£999

£1,499
£1,999
£1,500

Speak to a broker

Speak to a broker
Speak to a broker
Speak to a broker

Clydesdale Bank 3.28% fixed Five years £1,999 Speak to a broker

 

Four lenders had the lowest rate on deals without localised opening restrictions in the two year fixed first-time buyer chart this week. Coventry Building Society offers 2.99% (4.2% APRC) fixed until 30 June 2023, which then reverts to 3.99%. This deal is available at a 90% LTV and charges £999 in product fees. It comes with the incentive of free valuations to a maximum of £670.

Four lenders had the lowest rate on deals without localised opening restrictions in the two year fixed first-time buyer chart this week. Coventry Building Society offers 2.99% (4.2% APRC) fixed until 30 June 2023, which then reverts to 3.99% variable. This deal is available at a 90% LTV and charges £999 in product fees. It comes with the incentive of free valuation (up to a maximum of £670). Platform offers 2.99% (4.3% APRC) fixed until 30 June 2023 and then reverts to 4.34% variable. This deal is available to those looking for a 90% LTV. It charges £1,499 in product fees and comes with the incentives of free valuation and £250 cashback. Clydesdale Bank offers 2.99% (4.5% APRC) fixed until 30 June 2023, after which it reverts to 4.55% variable. It is available at a 90% LTV and charges £1,999 in product fees. Digital Mortgages by Atom Bank offers 2.99% (3.5% APRC) fixed until 31 May 2023 and then reverts to 3.50% variable. This deal is available at a 90% LTV and buyers must take a minimum loan of £350,001. It charges £1,500 in product fees and comes with the incentive of free valuation.

The lowest rate available in the five year fixed first-time buyer chart that is not a guarantor mortgage or a deal with localised opening restrictions comes from Clydesdale Bank. Clydesdale Bank offers 3.28% (4.2% APRC) fixed until 30 June 2026, which then reverts to 4.55% variable. This deal is available at a 90% LTV and charges £1,999 in product fees. It comes with the incentive of free valuation (up to a maximum of £3 million of the purchase price).

Compare first-time buyer mortgages

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