nigel woollsey

Nigel Woollsey

Online Writer
Published: 12/07/2019

The best moving home mortgage rates

Provider

Rate

Initial rate period

Product fee

Furness Building Society

1.29% discounted variable

Two years

£999

NatWest

1.38% fixed

Two years

£995

Coventry Building Society

1.55% fixed

Three years

£999

Skipton Building Society

1.77% fixed

Five years

£1,995

 

Furness Building Society has jumped straight to the top of the moving home mortgage chart  this week offering a discounted variable rate of 1.29% (5.1% APRC) for two years, which then reverts to 5.79%. This deal is available on a 60% loan-to-value (LTV) and requires a minimum loan of £30,000 with the maximum dependent on the LTV. It charges £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 until 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 permits 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 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 needed. The maximum is dependent on LTV. It charges £1,995 in product fees and offers the incentive of free valuation. Overpayments and payment holidays are allowed.

The best first-time buyer mortgage rates

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 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 permitted.

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) that remains fixed until 31 July 2021, after which it reverts to 4.49%. The maximum LTV is 95% LTV and it requires 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) that is fixed until 30 September 2022, then reverts to 6.20%. It has a 95% LTV and requires a minimum loan of £20,000 up to a maximum of £350,000. There are no product fees charged with this mortgage and it offers the incentive of free valuation for properties valued up to a maximum of £500,000. Overpayments are permitted.

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 LTV of 95% 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 up to a maximum of £2m. Overpayments are allowed.

The best remortgage rates

Provider

Rate

Initial rate period

Product fee

Furness Building Society

1.29% discounted variable

Two years

£999

Santander

1.39% fixed

Two years

 

Coventry Building Society

1.55% fixed

Three years

£999

Skipton Building Society

1.77% fixed

Five years

£1,995

 

Furness Building Society jumps to the top of the remortgage chart this  week offering a discounted variable rate of 1.29% (5.2% APRC) for two years. After the initial two years, it reverts to 5.79%. This mortgage has a maximum 60% LTV and requires a minimum loan of £3while the maximum is dependent on LTV. It charges £999 in product fees and includes the incentives of free valuation (up to a maximum of £665) and free legal fees in England and Wales or the choice of £150 s legal fees in Scotland. Overpayments are allowed.

The two-year fixed rate remortgage chart sees Santander offering 1.39% (3.6% APRC) fixed until 2 October 2021, which then reverts to 4.00%. It has a maximum LTV of 60% and requires a minimum loan of £6,000 up to a maximum of £1m. It charges £999 in product fees and includes the s 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 requires no minimum loan, while its maximum is dependent on LTV. The product fee for this mortgage is £999 and it offers the incentives of free valuation up 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, 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.

Disclaimer

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.

brick houses on leafy street

At a glance

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy