The Best Residential Mortgage Rates 23 07 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 23/07/2021

Nationwide Building Society made headlines this week offering the first sub-1% five year fixed mortgage deal on record. This 0.99% deal is available in both our remortgage and moving home charts, although borrowers should be aware that a minimum loan is required. Nationwide Building Society also launched new three year fixed deals in the remortgage and moving home charts, again resulting in it offering the lowest three year rates in these charts with a sub-1% deal.

Although this round up has highlighted the lowest rates in the mortgage charts, borrowers should remember that the lowest rate may not be the best deal and instead they should consider the total cost of the deal, taking into account products fees, as well as flexible features available. Those 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

 

Nationwide Building Society

0.91% fixed

Two years

£1,499

Speak to a broker

Nationwide Building Society

0.94% fixed

Three years

£999

Speak to a broker

Nationwide Building Society

0.99% fixed

Five years

£1,499

Speak to a broker

 

Nationwide Building Society had the lowest rate in the two year fixed remortgage chart this week offering 0.91% (3.2% APRC) fixed for two years and then reverts to 3.59%. This deal is available at a 60% LTV and requires a £300,000 minimum loan. It charges £1,499 in product fees and comes with the incentive of a free valuation, as well as £500 cashback on completion or no legal fees.

Nationwide Building Society had the lowest three year fixed remortgage rate this week offering 0.94% (3.0% APRC) fixed for three years and reverts to 3.59%. It is available at a 60% LTV and charges £999 in product fees. It comes with the incentive of a free valuation, as well as £500 cashback on completion or free legal fees.

This week Nationwide Building Society made headlines with the launch of the first sub-1% five year fixed remortgage deal on record. Nationwide Building Society offers 0.99% (2.7% APRC) fixed for five years, after which it reverts to 3.59%. This deal is available at a 60% LTV and borrowers must take a minimum loan of £300,000. It charges £1,499 in product fees. It comes with the incentive of a free valuation, along with £500 cashback on completion or free legal fees.

Compare remortgages

The best mortgage rates for home-movers

 

Provider

Rate

Initial rate period

Product fee

 

Nationwide Building Society  

0.91% fixed

Two years

£1,499

Speak to a broker

Nationwide Building Society

0.94% fixed

Three years

£999

Speak to a broker

Nationwide Building Society

0.99% fixed

Five years

£1,499

Speak to a broker

 

Nationwide Building Society had the lowest two year fixed rate in the moving home chart this week offering 0.91% (3.2% APRC) fixed for two years and then reverts to 3.59%. This deal is available at a 60% LTV and requires a £275,000 minimum loan. It charges a £1,499 in product fees. Nationwide Building Society also had the lowest three year fixed rate in the moving home chart this week. This deal offers 0.94% (3.0% APRC) fixed for three years and then reverts to 3.59%. It is available at a 60% LTV and charges £999 in product fees. Both deals come with the incentive of a free valuation, as well as a Green Reward of £250 for properties with an EPC score of 86 to 91 or £500 for properties with an EPC score of 92 plus.

The lowest rate in our five year fixed moving home chart this week came from Nationwide Building Society with its deal offering 0.99% (2.7% APRC) fixed for five years and then reverts to 3.59%. This deal is available at a 60% LTV and borrowers must take a minimum loan of £275,000. The deal charges £1,499 in product fees and comes with the incentive of a free valuation, along with its Green Reward for eligible properties.

Compare moving home mortgages

The best first-time buyer mortgages

 

Provider Rate Initial rate period Product fee  
Platform 2.29% fixed Two years £999 Speak to a broker
Platform 2.79% fixed Five years £1,499 Speak to a broker

 

Platform, which is part of The Co-operative Bank, had the lowest rate in our two year fixed first-time buyer chart this week. This deal offers 2.29% (4.1% APRC) fixed until 30 September 2023, after which it reverts to 4.34%. It is available at a 90% LTV and charges a product fee of £999. This deal comes with the incentive of a free valuation and £250 cashback.

Platform also had the lowest rate in our five year fixed first-time buyer chart this week offering 2.79% (3.9% APRC) fixed until 30 September 2026 and then reverts to 4.34%. Borrowers need a 90% LTV and it charges £1,499 in product fees. The deal comes with the incentive of a free valuation and £250 cashback.

Compare first-time buyer mortgages

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