The Best Residential Mortgage Rates 30 7 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 30/07/2021

Although this week saw some lenders reducing rates, including NatWest and Barclays Mortgage, these rate reductions have not impacted the lowest rates offered in our mortgage charts. Instead, Nationwide Building Society continued to offer the lowest rates in both the remortgage and moving home charts, including continuing to offer its sub-1% five year fixed deal.

Consumers looking at the rates highlighted below should keep in mind that the lowest rate may not be the best, or most cost effective, deal. Instead, borrowers should consider the total cost of the mortgage deal, taking into account product fees and incentives offered. 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 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

 

The lowest two year fixed remortgage rate in our chart this week came from Nationwide Building Society, which offers 0.91% (3.2% APRC) fixed for two years and then reverts to 3.59%. This deal is available at a 60% loan-to-value (LTV) and homeowners must take a minimum loan of £300,000. It charges £1,499 in product fees and comes with the incentive of free valuations, as well as £500 cashback on completion or no legal fees.

Nationwide Building Society also had the lowest three year fixed remortgage rate this week, offering 0.94% (3.0% APRC) fixed for three years, after which it reverts to 3.59%. This deal is available to homeowners with a 60% LTV and charges £999 in product fees. It comes with the incentive of free valuations, along with £500 cashback on completion or no legal fees.

The lowest five year fixed remortgage rate this week also came from Nationwide Building Society, with its deal offering 0.99% (2.7% APRC) fixed for five years, which then reverts to 3.59%. This deal is available at a 60% LTV and is only available to those taking a minimum loan of £300,000. It charges £1,499 in product fees and comes with the incentive of free valuations, 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

 

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 also offered the lowest rates in the two, three and five year fixed moving home mortgage charts this week. Its two year fixed deal offers 0.91% (3.2% APRC) fixed for two years and then reverts to 3.59%. It is available at a 60% LTV and borrowers must take a minimum loan of £275,000. This deal charges £1,499 in product fees.

In the three year fixed moving home chart, Nationwide Building Society offers the lowest rate of 0.94% (3.0% APRC) fixed for three years, after which it reverts to 3.59%. This deal is available at a 60% LTV and charges £999 in product fees.

The lowest five year fixed moving home rate this week is a deal from Nationwide Building Society offering 0.99% (2.7% APRC) fixed for five years, which then reverts to 3.59%. This deal is available a 60% LTV and borrowers must take a minimum loan of £275,000. It charges £1,499 in product fees.

All these deals have the incentive of free valuations, along with a green reward of up to £500 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

 

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

Platform also continued to offer the lowest five year fixed first-time buyer rate this week, offering 2.79% (3.9% APRC) fixed until 30 September 2026 and then reverts to 4.34%. It is available at a 90% LTV and charges £1,499 in product fees. The deal comes with the incentive of free valuations and £250 cashback.

Compare first-time buyer mortgages

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