The Best Residential Mortgage Rates 19.11.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 19/11/2021

The most competitive rates that have been available over the previous few months are starting to disappear from the charts, which is impacting those with a large deposit or who own a high amount of equity in their home. Alternatively, those with smaller deposits, including first-time buyers, will see that rates have become more competitive in recent weeks and new, lower rates, are now available in our first-time buyer charts.

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  
Yorkshire Building Society 1.12% fixed Two years £1,495 Find out more
TSB 0.94% fixed Three years £995 Find out more
Nationwide Building Society 1.34 % fixed Five years £999 Find out more

 

The lowest rate in our two year fixed remortgage chart available to those living in all areas of Great Britain is Yorkshire Building Society’s deal offering 1.12% (3.8% APRC) fixed until 29 February 2024 and then reverts to 3.75%. This deal is available to those who own 25% equity in their home and charges £1,495 in product fees. It comes with the incentive of free valuations. Homeowners looking for a more competitive deal should visit our two year fixed remortgage chart as deals are available to those living in Northern Ireland, England and Wales offering a lower rate.

TSB has the lowest rate in our three year fixed remortgage chart this week offering 0.94% (3.0% APRC) fixed until 28 February 2025, which then reverts to 3.59%. The deal is available to those with 40% equity in their home. It charges £995 in product fees and comes with the incentive of free valuation and legal fees.

Nationwide Building Society has the lowest rate in our five year fixed remortgage chart on a deal available to all areas of Great Britain. Its deal offers 1.34% (2.8% APRC) fixed for five years, after which it reverts to 3.59%. This deal is available to those who own 40% equity in their home and are looking to borrow a minimum of £300,000. The deal charges a product fee of £999. It comes with the incentive of free valuations, as well as £500 cashback on completion or free legal fees.

Compare remortgages

The best mortgage rates for home-movers

Provider Rate Initial rate period Product fee  
Halifax 1.10% fixed Two years £995 Find out more
TSB 1.09% fixed Three years £995 Find out more
Nationwide Building Society 1.29% fixed Five years £999 Find out more

 

The lowest two year fixed rate in our moving home chart that is available to those living in all areas of Great Britain is from Halifax, which offers 1.10% (3.2% APRC) fixed until 29 February 2024, which then reverts to 3.59%. This deal is available to those with a 40% deposit and who need to borrow a minimum of £100,000. It charges £995 in product fees and has a green cashback incentive for eligible homes. Homemovers in Northern Ireland, England and Wales will find that deals are available offering a lower rate in our two year fixed moving home chart.

Homemovers looking for a three year fixed rate will find that TSB has the lowest rate this week, offering 1.09% (2.3% APRC) fixed until 28 February 2025 and then reverts to 2.59%. The deal is available to those with a 40% deposit and it charges £995 in product fees. It comes with the incentive of free valuations.

For those in all areas of Great Britain, Nationwide Building Society has the lowest rate on a five year fixed moving home mortgage deal this week. It offers 1.29% (2.8% APRC) fixed for five years, after which it reverts to 3.59%. This deal is available to those with a 40% deposit and who are looking to borrow a minimum of £250,000. It charges £999 in product fees and comes with the incentive of free valuation fees, as well as cashback of up to £500 for eligible properties.

Compare moving home mortgages

The best first-time buyer mortgages

Provider Rate Initial rate period Product fee  
Danske Bank 1.23% fixed Two years £999 Find out more
Danske Bank 2.28% fixed Five years £999 Find out more

 

First-time buyers looking for a two year fixed deal will find that the lowest rate this week comes from Danske Bank, which offers 1.23% (3.1% APRC) fixed until 2 January 2024 and then reverts to 3.30%. This deal is available to those with a 10% deposit, but they must take a minimum loan of £150,000 and have a Danske Bank current account. The deal charges £999 in product fees.

The lowest rate in our five year fixed first-time buyer chart this week also comes from Danske Bank, which offers 2.28% (3.0% APRC) fixed until 4 January 2027 and then reverts to 3.30%. It is available to first-time buyers with a 10% deposit and who are looking to borrow a minimum of £150,000. A Danske Bank current account is again needed for this mortgage. It charges £999 in product fees.

Compare first-time buyer mortgages

How to find the best mortgage deal

To find the best mortgage deal it may be worthwhile speaking to a mortgage broker who will have access to all market deals and be able to highlight the best deals for your circumstances.

Disclaimer

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