The best residential mortgage rates 17.09.21 | moneyfacts.co.uk

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Michelle Monck

Michelle Monck

Consumer Finance Expert
Published: 17/09/2021

This week saw some changes to the very best mortgage rates available in the UK.


Although we’ve highlighted the lowest rates across our mortgage charts, mortgage 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 individual circumstances.

The best remortgage rates

Provider

Rate

Initial rate period

Product fee

 

Platform

0.79% fixed

Two years

£1,499

Speak to a broker

Nationwide Building Society

0.89% fixed

Three years

£999

Speak to a broker

HSBC

0.91% fixed

Five years

£1,499

Speak to a broker

Platform, part of The Co-operative Bank, now offers the lowest remortgage rate in the UK of 0.79% (3.8% APRC) fixed until 31 December 2023 at 60% loan-to-value (or 40% deposit or equity in the property). After the fixed rate ends the rate reverts to 4.34%. This deal charges £1,499 in product fees and offers incentives of a free valuation, free legal fees and £250 cashback. This mortgage is only available via selected intermediaries. See more of the best two-year fixed rate remortgag deals.


The best three-year fixed rate remortgage is again from Nationwide Building Society this week. Its deal offers 0.89% (3.0% APRC) fixed for three years and then reverts to 3.59%. It is available to those with 40% equity in their home (60% LTV) and charges £999 in product fees. This deal has the incentive of a free valuation fee, as well as £500 cashback on completion or free legal fees.


The lowest five year fixed remortgage rate this week for those with 40% equity in their home (60% LTV) comes from HSBC, which offers 0.91% (2.6% APRC) fixed until 30 November 2026, which then reverts to 3.54%. This deal has a number of opening restrictions including needing a £75,000 minimum earned income. It charges £1,499 in product fees and comes with incentives of a free valuation and free legal fees. Those applying for this mortgage need to hold an HSBC Premier current account. Those not meeting this criteria could choose the next best rate of 0.94% (2.6% APRC) with a lower fee of £999, also from HSBC. Find out more in our five year fixed rate mortgage chart.

The best mortgage rates for home-movers

Provider

Rate

Initial rate period

Product fee

 

Platform

0.79% fixed

Two years

£1,499

Speak to a broker

Nationwide Building Society

0.89% fixed

Three years

£999

Speak to a broker

HSBC

0.96% fixed

Five years

£1,499

Speak to a broker

The lowest rate for a two year fixed rate mortgage for those moving home with a 60% LTV (40% deposit) is from Platform, part of The Co-operative Bank, this week. This deal offers 0.79% (3.8% APRC) fixed until 31 December 2023 and then reverts to 4.34%. This deal has a product fee of £1,499 and is only available via selected intermediaries.


Nationwide Building Society has the lowest rate in the three year fixed moving home chart this week. It offers 0.89% (3.0% APRC) fixed for three years, after which it reverts to 3.59%. This deal is available to those with 40% equity in their home (60% LTV) and charges £999 in product fees. It has the incentive of a free valuation fee, along with cashback of up to £500 for eligible properties.


This week, HSBC has the lowest five year fixed fate mortgage for those moving home. This deal offers 0.96% (2.6% APRC) fixed until 30 November 2026, after which it reverts to 3.54%. This deal charges £1,499 in product fees and comes with free valuation fees. Those applying for this mortgage need to hold an HSBC Premier current account.

Compare moving home mortgages

The best first-time buyer mortgages

Provider

Rate

Initial rate period

Product fee

 

Platform

1.91% fixed

Two years

£1,499

Speak to a broker

HSBC

2.56% fixed

Five years

£1,499

Speak to a broker

The lowest rate in our two year fixed first-time buyer mortgage chart comes from Platform, part of The Co-operative Bank. This deal offers 1.91% (4.0% APRC) fixed until 31 December 2023 and then reverts to 4.34%. It is available to those with a 10% deposit (90% LTV) and charges £1,499 in product fees. This deal has the incentives of a free valuation fee and £250 cashback, but is only available through selected intermediaries.


HSBC has the lowest five year fixed rate mortgage for first time buyers with a 10% deposit this week. Its rate is 2.56% fixed (3.3% APRC) until 30 November 2026, after this it reverts to 3.54%. This deal has a product fee of £1,499 and a free valuation. Those applying for this mortgage must have an HSBC Premier current account.

Compare first-time buyer mortgages

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