Derin Clark

Derin Clark

Online Reporter
Published: 05/07/2019

The best moving home mortgage rates

Provider Rate Initial rate period Product fee
Cumberland Building Society 1.26% discounted variable Two years £1,999
NatWest 1.38% fixed Two years £995
Coventry Building Society 1.55% fixed Three year £999
Skipton Building Society 1.77% fixed Five years £1,995

Cumberland Building Society continued to top the moving home mortgage chart this week offering a 1.26% (4.3% APRC) discounted variable rate for two years, which then reverts to 4.74%. This deal is available on a 60% loan-to-value (LTV) and requires a minimum loan of £50,000 up to a maximum of £500,000. It charges £1,999 in product fees and overpayments are allowed.

Those looking to lock their rate into a fixed deal will find the best rate available in the two-year fixed chart. NatWest is offering the top rate of 1.38% (3.8% APRC) fixed to 31 October 2021, after which it reverts to 4.24%. It has a maximum 60% LTV and requires a minimum loan of £25,000 up to a maximum of £2m. The product fees are £995, and it includes the incentive of £250 cashback. Overpayments are allowed.

The three-year fixed moving home mortgage chart remains competitive this week with the best rate being offered by Coventry Building Society at 1.55% (4.0% APRC), which remains fixed until 30 September 2022. It has a maximum 65% LTV and there is no minimum loan, while the maximum is dependent on LTV. This deal charges £999 in product fees, includes the incentive of free valuation up to a maximum of £670 and allows overpayments.

Those looking for the security of fixing their mortgage for five years will find the best rate from Skipton Building Society this week. Skipton Building Society offers a rate of 1.77% (3.8% APRC), which remains fixed until 30 September 2024 and then reverts to 4.99%. It has a maximum 60% LTV and there is no minimum loan, while the maximum is dependent on LTV. It charges £1,995 in product fees and includes the incentives of free valuation. Overpayments and payment holidays are allowed.

The best first-time buyer mortgage rates

Provider Rate Initial rate period Product fee
Monmouthshire Building Society 2.55% discounted variable Two years £0.00
Newcastle Building Society 2.59% fixed Two years £498
Marsden Building Society 2.89% fixed Three years £0.00
Barclays Mortgage 2.75% fixed Five years £0.00

The best rate for first-time buyers this week came from Monmouthshire Building Society, with its 2.55% (4.9% APRC) discounted variable rate for two years, which then reverts to 5.24%. This deal has a maximum 95% LTV and requires a minimum loan of £40,000, while its maximum is dependent on LTV. There are no product fees with this mortgage, and it includes the incentive of free valuation for properties valued to a maximum of £1m. Overpayments are allowed.

First-time buyers who prefer a fixed rate mortgage will find the best rate in the two-year fixed chart this week. Newcastle Building Society tops the chart with a rate of 2.59% (5.2% APRC) fixed until 31 July 2021, after which it reverts to 4.49%. It has a maximum 95% LTV and from a minimum loan of £10,000. The maximum loan is dependent on LTV. The product fee is £498 and while it offers no incentives, overpayments are allowed.

Marsden Building Society remained at the top of the three-year fixed rate chart this week with its rate of 2.89% (5.4% APRC) which is fixed until 30 September 2022, then reverts to 6.20%. It has a maximum 95% LTV from a minimum loan of £20,000 up to a maximum of £350,000. There are no product fees charged with this mortgage and it includes the incentive of free valuation for properties valued up to a maximum of £500,000. Overpayments are allowed.

A five-year fixed rate mortgage is a good option for first-time buyers who are keen to lock their mortgage rate into a long-term deal. Barclays Mortgage continued to offer the best rate in the five-year chart this week with its rate of 2.75% (3.7% APRC) that is fixed until 31 October 2024 and then reverts to 4.24%. This mortgage has a maximum 95% LTV and requires a minimum loan of £5,000 up to a maximum of £500,000. This deal doesn’t charge any product fees and includes the incentive of free valuation for properties valued to a maximum of £2m. Overpayments are allowed. 

The best remortgage rates

Provider Rate Initial rate period Product fee
Cumberland Building Society 1.26% discounted variable Two years £1,999

Furness Building Society

Santander
1.39% fixed Two years

£1,250

£999
Coventry Building Society 1.55% fixed Three years £999
Skipton Building Society 1.77% fixed Five years £1,995

Cumberland Building Society remained at the top of the remortgage chart for another week offering a discounted variable rate of 1.26% (4.3% APRC) for two years. After the initial two years it reverts to 4.74%. This mortgage has a maximum 60% LTV from a minimum loan of £50,000 up to a maximum of £500,000. It charges £1,999 in product fees and includes the incentives of free valuation and free legal fees. Overpayments are allowed.

The two-year fixed rate remortgage chart saw two providers offering the top rate of 1.39%. Furness Building Society was offering 1.39% (5.2 APRC) fixed for two years, after which it reverts to 5.79%. It has a maximum 60% LTV from a minimum loan of £30,000, while the maximum is dependent on LTV. The product fees are £1,250 and it includes the incentives of free valuation (up to a maximum of £665) and free legal fees in England and Wales (£150 towards legal fees in Scotland). Overpayments are allowed. Santander was also offering 1.39% (3.6% APRC) fixed until 2 October 2021, which then reverts to 4.00%. It has a maximum 60% LTV from a minimum loan of £6,000 up to a maximum of £1m. It charges £999 in product fees and includes the incentive of free valuation (£95 towards valuation fees in Scotland) and £250 cashback on completion or free legal fees. Overpayments are allowed.

The best rate available in the three-year fixed rate chart this week came from Coventry Building Society offering 1.55% (4.1% APRC) fixed until 30 September 2022, then reverts to 4.99%. This deal has a maximum 65% LTV and has no minimum loan, while its maximum is dependent on LTV. The product fee for this mortgage is £999 and it includes the incentives of free valuation to a maximum of £670 and free legal fees. Overpayments are allowed.

Topping the five-year fixed rate remortgage chart this week was Skipton Building Society with 1.77% (3.9% APRC) fixed until 30 September 2024, then reverting to 4.99%. This deal has a maximum 60% LTV and has no minimum loan. The maximum loan is dependent on LTV. It charges £1,995 in product fees and includes the incentives of free valuation and free legal fees. Overpayments and payment holidays are allowed.

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Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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