The Best Residential Mortgage Rates 25 11 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 25/11/2021

Kensington launched a range of 40 year term fixed rate mortgages this week, with some deals available to those with deposits of just 5%. Borrowers considering a fixed mortgage of 10 years or more should carefully weigh up the pros and cons of locking into a deal for so long and may want to consider speaking to a mortgage broker for advice.

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
HSBC 1.31% fixed Five years £1,499 Go to provider’s site

 

The lowest two year fixed remortgage rate available to those in all areas of Great Britain this week is Yorkshire Building Society’s deal offering 1.12% (3.8% APRC) which is fixed until 29 February 2024 and then reverts to 3.75%. This deal is available to those who have 25% equity in their home and charges £1,495 in product fees. It comes with the incentive of a free valuation fee.

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

HSBC has the lowest five year fixed remortgage rate this week, offering 1.31% (2.8% APRC) fixed until 31 January 2027, after which it reverts to 3.54%. Homeowners need to have 40% equity in their property for this deal, and it has a number of opening restrictions including needing a HSBC Premier current account. It charges £1,499 in product fees and comes with incentives of a free valuation and 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
Halifax 1.31% fixed Five years £995 Find out more

 

The lowest rate in our two year fixed moving home chart this week, available to those in all areas of Great Britain, is Halifax’s deal offering 1.10% (3.2% APRC) fixed until 29 February 2024 and then reverts to 3.59%. This deal is available to those with a 40% deposit and who are looking to borrow a minimum of £100,000. It charges £995 in product fees and has a cashback incentive of £250 for eligible properties.

TSB has the lowest three year fixed moving home rate this week offering 1.09% (2.3% APRC) fixed until 28 February 2025, which then reverts to 2.59%. This deal is available to those with a 40% deposit and charges £995 in product fees. It comes with the incentive of a free valuation fee.

Halifax has the lowest rate in our five year fixed moving home chart that is available to those in all areas of the Great Britain. It offers 1.31% (2.8% APRC) fixed until 28 February 2027, reverting to 3.59%. The deal is available to those with a 40% deposit and who are looking to borrow a minimum of £100,000. It charges £995 in product fees and comes with the incentive of £250 cashback for eligible properties.

Compare moving home mortgages

The best first-time buyer mortgages

Provider Rate Initial rate period Product fee  
Halifax 1.64% fixed Two years £995 Find out more
Platform 2.16% fixed Five years £1,999 Find out more

 

Halifax has the lowest two year fixed first-time buyer rate this week. It offers 1.64% (3.3% APRC) fixed until 29 February 2024 and then reverts to 3.59%. The deal is available to those with a 10% deposit and who are looking to borrow a minimum of £100,000. It charges £995 in product fees.

The lowest rate in our five year fixed first-time buyer chart this week comes from Platform, which offers 2.16% (3.5% APRC) fixed until 28 February 2027, which then reverts to 4.34%. This deal is available to first-time buyers with a 10% deposit and who are looking to borrow a minimum of £400,000. It charges £1,999 in product fees and comes with incentives of a free valuation and £250 cashback.

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.

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