The best residential mortgage rates 16 07 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 16/07/2021

NatWest and NatWest Int Sols reduced a number of its mortgage rates this week, resulting in the lenders offering the joint-lowest rate in the remortgage chart this week. Meanwhile, the NatWest Int Sols rate reductions resulted in it offering the lowest rate in our moving home chart. Although mortgages from NatWest are available for borrowers to apply directly through the bank, those from NatWest Int Sols are only available through a mortgage broker. This week also saw Royal Bank of Scotland reduced its two year remortgage rate, again resulting in it offering the joint-lowest rate in this chart.

Below we’ve highlighted the lowest rates in our mortgage charts, but borrowers should keep in mind that the lowest rate may not be the best deal and should instead consider the total cost of the mortgage, including product fees and incentives, when considering deals. Mortgage borrowers 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

 

NatWest
 
Royal Bank of Scotland
TSB
HSBC

0.94% fixed
 
0.94% fixed
 
0.94% fixed
0.94% fixed

Two years
 
Two years
 
Two years
Two years

£995
 
£995
 
£995
£999

Go to provider’s site
Go to provider’s site
Speak to a broker
Speak to a broker

HSBC

1.09% fixed

Three years

£999

Speak to a broker

HSBC

1.06% fixed

Five years

£1,499

Speak to a broker

 

The two year fixed remortgage chart remained highly competitive this week with several deals offering the lowest rate of 0.94%. NatWest offers 0.94% (3.2% APRC) fixed until 30 November 2023, after which it reverts to 3.59%. This deal is available at a 60% loan-to-value (LTV) and charges £995 in product fees. There is also a deal from NatWest Int Sols offering 0.94% (3.2% APRC) fixed until 30 November 2023, which is only available through mortgage brokers. Royal Bank of Scotland offers 0.94% (3.2% APRC) fixed until 30 November 2023 and then reverts to 3.59%. This deal is available at a 60% LTV. It charges £995 in product fees. TSB offers 0.94% (3.2% APRC) fixed until 30 November 2023, which then reverts to 3.59%. This deal is available at a 60% LTV and charges £995 in product fees. HSBC also offers 0.94% (3.2% APRC) fixed until 31 August 2023, which then reverts to 3.54%. It is available at a 60% LTV and charges £999 in product fees. All these deals come with the incentive of free valuations and free legal fees.

The lowest three year fixed remortgage rate this week came from HSBC which offers 1.09% (3.0% APRC) fixed until 31 August 2024 and then reverts to 3.54%. This deal is available at a 60% LTV and charges £999 in product fees. It comes with the incentive of free valuations and free legal fees.

HSBC also had the lowest five year fixed remortgage deal this week offering 1.06% (2.7% APRC) fixed until 31 August 2026, after which it reverts to 3.54%. This deal is available at a 60% LTV but comes with a number of opening restrictions including a minimum earned income of £75,000. It charges £1,499 in product fees and comes with incentive of free valuations and free legal fees.

Compare remortgages

The best mortgage rates for home-movers

 

Provider

Rate

Initial rate period

Product fee

 

NatWest Int Sols

0.93% fixed

Two years

£995

Speak to a broker

HSBC

1.09% fixed

Three years

£999

Speak to a broker

HSBC

1.06% fixed

Five years

£1,499

Speak to a broker

 

NatWest Int Sols had the lowest two year fixed rate in our moving home chart this week offering 0.93% (3.1% APRC) fixed until 30 November 2023 and then reverts to 3.59%. This deal is only available through mortgage brokers and to those with a 60% LTV. It charges £995 in product fees. This deal comes with the incentive of free valuations to a maximum of £2 million of the purchase price and £250 cashback.

HSBC had the lowest rate in our three year fixed moving home chart this week offering 1.09% (3.0% APRC) fixed until 31 August 2024, which then reverts to 3.54%. It is available at a 60% LTV and charges £999 in product fees. This deal comes with the incentive of a free valuation.

The lowest rate in our five year fixed rate moving home chart this week came from HSBC which offers 1.06% (2.7% APRC) fixed until 31 August 2026, after which it reverts to 3.54%. This deal is available at a 60% LTV. Borrowers should be aware that it comes with a number of opening restrictions including requiring borrowers to have a minimum income of £75,000. It charges £1,499 in product fees and comes with the incentive of a free valuation.

Compare moving home mortgages

The best first-time buyer mortgages

 

Provider

Rate

Initial rate period

Product fee

 

Hinckley & Rugby Building Society

2.30% fixed

Two years

£199

Speak to a broker

Barclays Mortgage

2.95% fixed

Five years

£999

Speak to a broker

 

The lowest rate in our two year fixed first-time buyer chart comes from Hinckley & Rugby Building Society, which offers 2.30% (5.0% APRC) fixed for two years and then reverts to a 4.24% discounted variable rate. This deal is only available to borrowers in England and Wales with a 90% LTV. It charges £199 in product fees.

Barclays Mortgage had the lowest rate in our five year fixed first-time buyer mortgage chart this week with a deal offering 2.95% (3.5% APRC) fixed until 31 August 2026 and then reverts to 3.59%. This deal is available at a 90% LTV and charges £999 in product fees. It comes with the incentive of free valuations for properties valued to a maximum of £2 million.

Compare first-time buyer mortgages

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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.

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