The Best Residential Mortgage Rates 18 06 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 18/06/2021

This week has seen a number of changes take place within the mortgage charts. At the top of the charts new, lower rates are available on three and five year fixed rate remortgage and moving home charts, as well as new lower rates available in the two and five year first-time buyer charts. Further down the charts, there were several changes including TSB reducing selected fixed rates by up to 0.15%. As well as Virgin Money reducing selected fixed rates by up to 0.25% and launching new two year fixed rates via mortgage brokers and a new Mortgage Guarantee Scheme three year fixed rate deal.

Below we have highlighted the lowest rates available across the mortgage charts this week, but those looking for a mortgage deal should be aware that the lowest rate may not be the best option for them. Instead, when looking at deals borrowers should take into account all aspects of the deal, including the product fee and incentives, as these can significantly impact the overall cost of the mortgage. Those who are unsure of which deal is best for them should speak to a broker who will be able to provide help and advice on choosing the best deal.

The best remortgage rates

 

Provider

Rate

Initial rate period

Product fee

 

Platform

0.95% fixed

Two years

£1,499

Speak to a broker

HSBC

1.14% fixed

Three years

£999

Speak to a broker

Nationwide Building Society

1.14% fixed

Five years

£1,499

Speak to a broker

 

Platform continued to have the lowest rate in the two year fixed remortgage chart this week offering 0.95% (3.9% APRC) fixed until 31 August 2023, which then reverts to 4.34%. This deal is available at a 60% loan-to-value (LTV) and charges £1,499 in product fees. It comes with the incentive of a free valuation, no legal fees and £250 in cashback.

The lowest three year fixed remortgage rate this week came from HSBC which offers 1.14% (3.0% APRC) fixed until 31 August 2024, after which it reverts to 3.54%. This deal is available at a 60% LTV. It charges £999 in product fees and comes with the incentive of a free valuation and no legal fees.

Nationwide Building Society had the lowest five year fixed rate offering 1.14% (2.7% APRC) fixed for five years, which then reverts to 3.59%. It is available at a 60% LTV and requires a minimum loan of £300,000. It charges a product fee of £1,499 and comes with the incentive of a 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

0.95% fixed

Two years

£1,499

Speak to a broker

HSBC

1.14% fixed

Three years

£999

Speak to a broker

NatWest Int Sols
Nationwide Building Society

1.14% fixed
1.14% fixed

Five years
Five years

£995
£1,499

Speak to a broker
Speak to a broker

 

The lowest two year fixed rate in our moving home chart this week continued to come from Platform, which offers 0.95% (3.8% APRC) fixed until 31 August 2023, after which it reverts to 4.34%. The deal is available at a 60% LTV. It charges £1,499 in product fees and comes with the incentives of a free valuation and £250 cashback.

HSBC has the lowest three year fixed rate in our moving home chart offering 1.14% (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 a free valuation.

Both NatWest Int Sols and Nationwide Building Society had the lowest five year fixed moving home rates this week. NatWest Int Sols, which is only available through mortgage brokers, offers 1.14% (2.7% APRC) fixed until 31 August 2026 and then reverts to 3.59%. This deal is available at a 60% LTV and charges £995 in product fees. It comes with the incentive of a free valuation for properties valued to a maximum of £2 million. Nationwide Building Society offers 1.14% (2.7% APRC) fixed for five years, which then reverts to 3.59%. It is available at a 60% LTV and requires a minimum loan of £275,000. A product fee of £1,499 is charged and it comes with the incentive of a free valuation, along with a green reward of £250 for properties with an EPC score of 86 to 91 or a green reward of £500 for properties with an EPC score of 92 or more.

Compare moving home mortgages

Compare the best mortgage rates for moving home on our charts.

The best first-time buyer mortgage

 

Provider

Rate

Initial rate period

Product fee

 

Digital Mortgages by Atom Bank

2.79% fixed

Two years

£900

Speak to a broker

Digital Mortgages by Atom Bank

3.04% fixed

Five years

£1,500

Speak to a broker

 

The lowest two year fixed rate in our first-time buyers chart on a deal without localised opening restrictions comes from Digital Mortgages by Atom Bank. This deal offers 2.79% (3.5% APRC) fixed until 30 September 2023 and then reverts to 3.50%. It is available at a 90% LTV and a minimum loan of £100,000 is required. It charges £900 in product fees and comes with the incentive of a free valuation.

Digital Mortgages by Atom Bank also had the lowest five year fixed first-time buyer rate this week offering 3.04% (3.4% APRC) fixed until 30 September 2026, which then reverts to 3.50%. It is available at a 90% LTV and a minimum loan of £350,001. This deal charges £1,500 in product fees and comes with the incentive of a free valuation.

Compare first-time buyer mortgages

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.

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