The best residential mortgage rates this week 02.10.20

All the best mortgage rates are still available this week to those moving home or needing a remortgage. However further down the mortgage rate tables there have been some changes with providers launching new ranges and increasing rates.
Newcastle Building Society launched a new range of fixed rate mortgages with £500 cashback. Kensington also launched a new mortgage range aimed at those needing a mortgage for a property of non-standard construction. Reliance and Aldermore both relaunched a range of mortgages this week.
Interest rate increases were announced on selected mortgages by Santander, HSBC, Nationwide Building Society, Darlington Building Society and Cumberland Building Society. There was a series of product withdrawals made by Leeds Building Society, Yorkshire Building Society, Barclays and Clydesdale and Yorkshire Banks.
The charts below show the best mortgage rates for those wanting to remortgage, move home and for first-time buyers. We list the best mortgage deals available directly from the lender that are available across Great Britain. All the rates shown are for those mortgages available at 60% LTV unless otherwise stated.

For the second week in a row the best rates for remortgages across two, three and five-year fixed terms is unchanged.
Lloyds Bank has the lowest mortgage rates for two and five-year fixed rate remortgages again this week. Its two-year fixed rate remortgage is at 1.17% (3.3% APRC) fixed until 30 November 2022. The rate increases to 3.59% after this. This mortgage has a fee of £999 and comes with free valuation and legal fees. Its five-year fixed rate remortgage has the lowest rate available at 1.39% (2.8% APRC) fixed until 30 November 2025, after this the rate increases to 3.59%. There is a fee of £999 and free valuations and legal fees. £200 cashback is available for those with a Club Lloyds account.

The lowest three-year fixed rate remortgage is from Barclays Bank. It offers a rate of 1.72% (3.2% APRC) fixed until 31 October 2023. The rate increases to 3.59% after this. It is available up to 75% loan-to-value (LTV) and the fee is £999. There are free legal and valuation fees. This mortgage is also available to those buying a home.

The best 80% LTV two-year fixed rate remortgage is from Lloyds Bank at 1.50% fixed until 30 November 2022. After this the rate increases to 3.59%. The fee is £999 and there are free valuation and legal fees. Club Lloyds account holders can also get £200 cashback.

Virgin Money has a second week with the lowest rate two-year fixed rate mortgage for those moving home. They offer a rate of 1.24% (3.8% APRC) until 1 January 2023 and the rate will revert to 4.34% after this end date. The fee is significantly higher than available on many other mortgages at £1,495. The maximum LTV available for this mortgage is 65% and there are free valuation fees available.

Barclays Bank dominates the remainder of the best mortgage rates for home movers, with the top rates for three and ten-year fixed rate mortgages. Barclays Bank’s three-year fixed rate mortgage has a rate of 1.72% (3.2 APRC) fixed until 31 October 2023 after which the rate increases to 3.59%. This mortgage is available up to 75% LTV and the fee is £999. Free valuation fees are available. This mortgage is also available to those wanting to remortgage, it then offers free valuation and legal fees.

NatWest offers the lowest five-year fixed rate mortgage for moving home with a rate of 1.55% (2.9% APRC) fixed until 31 December 2025, after this the rate increases to 3.59%. There is a fee of £995 and this mortgage offers £250 cashback.