The Best Residential Mortgage Rates 25.06.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 25/06/2021

Research we carried out this week found that the average cost of mortgage deals has increased year-on-year, with the rise in product fees on mortgage deals rising. Saying this, the mortgage charts remain highly competitive with several lenders offering rates below 1% in both the remortgage and moving home charts. Borrowers tempted by the sub 1% deals may want to consider other factors of the mortgage, such as product fees and incentives, as these can have a significant impact on the cost of the mortgage overall.

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

TSB
Nationwide Building Society

1.14% fixed
1.14% fixed

Five years
Five years

£1,495
£1,499

Speak to a broker
Speak to a broker

 

Platform continued to have the lowest two year fixed remortgage rate this week offering 0.95% (3.9% APRC) fixed until 31 August 2023 and 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 incentives of a free valuation, no legal fees and £250 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%. It is available at a 60% LTV. The deal charges £999 in product fees and comes with the incentives of a free valuation and no legal fees.

Both TSB and Nationwide Building Society had the lowest rates in the five year fixed remortgage charts at 60% LTV. TSB offers 1.14% (2.7%) fixed until 31 August 2026, which then reverts to 3.59%. This deal charges £1,495 in product fees and comes with the incentives of a free valuation and no legal fees. Nationwide Building Society offers 1.14% (2.7% APRC) fixed for five years and then reverts to 3.59%. It requires a £300,000 minimum loan to be taken and charges £1,499 in product fees. This deal comes with the incentive of a free valuation, as well as £500 cashback on completion or no legal fees.

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

1.13% fixed

Five years

£995

Speak to a broker

 

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

HSBC had the lowest rate in the three year fixed moving home chart this week with a deal offering 1.14% (3.0% APRC) fixed until 31 August 2024 and then reverts to 3.54%. It is available at a 60% LTV. It charges £999 in product fees and comes with the incentive of a free valuation.
The lowest rate in our five year fixed moving home chart this week came from NatWest Int Sols, which offers 1.13% (2.7% APRC) fixed until 31 August 2026 and then reverts to 3.59%. This deal is only available through a mortgage broker. It is available at a 60% LTV and charges £995 in product fees. It comes with incentives of a free valuation up to a maximum purchase price of £2 million and £250 cashback.

The best first-time buyer mortgage

 

Provider

Rate

Initial rate period

Product fee

 

Leeds Building Society

2.66% fixed

Two years

£999

Speak to a broker

Digital Mortgages by Atom Bank

3.04% fixed

Five years

£1,500

Speak to a broker

 

The lowest rate in our first-time buyer chart this week, on a deal without localised restrictions, comes from Leeds Building Society which offers 2.66% (4.6% APRC) fixed until 31 October 2023, after which it reverts to 4.04%. It is available at a 90% LTV and charges £999 in product fees. This deal comes with the incentive of a free valuation to a maximum of £999.

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

Disclaimer

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