Derin Clark

Derin Clark

Online Reporter
Published: 15/11/2019

Mortgage borrowers will be pleased to see that the mortgage charts have remained highly competitive this week. In fact, there have been no rate rises for any of the top rates in the chart and a new low rate has taken the top spot in the five-year fixed moving home chart.

Saying this, it is important for mortgage borrowers to consider a range of factors when choosing the right mortgage deal and not just consider the lowest rate on offer. This is because sometimes better deals can be found on slightly higher rates when factoring in incentives and flexibility features.

The best mortgage rates for home-movers

Provider Rate Initial rate period Product fee
Halifax 1.08% fixed Two years £995
HSBC 1.44% fixed Three years £999
Skipton Building Society 1.44% fixed Five years £995

Halifax remained at the top of the moving home mortgage chart this week, offering 1.08% (3.7% APRC) fixed until 28 February 2022, which then reverts to 4.24%. This deal is available to those looking for a 60% loan-to-value (LTV) and charges £995 in product fees. There are no incentives with this mortgage.

HSBC continued to offer the lowest rate in the three-year chart, offering 1.44% (3.6% APRC) fixed until 31 January 2023, which then reverts to 4.19%. This mortgage requires a minimum income of £15,000 and is available to those looking for a 60% LTV. It charges £999 in product fees and includes the incentive of a free valuation.

New to the top of the five-year chart this week is Skipton Building Society, offering 1.44% (3.7% APRC) fixed until 31 December 2024, and then reverting to 4.99% thereafter. This mortgage is available to those looking for a 60% LTV and charges £995 in product fees. It has the incentive of a free valuation.

The best first-time buyer mortgage rates

Provider Rate Initial rate period Product fee
Bath Building Society 2.49% discounted variable Three years £872
Newcastle Building Society 2.59% fixed Two years £498
Bath Building Society 2.59% fixed Three years £872
Barclays Mortgage 2.75% fixed Five years £0

Offering the lowest rate overall in the first-time buyer chart, on a deal that is available to those in England and Wales, is Bath Building Society. The mortgage offers a rate of 2.49% (4.8% APRC) discounted variable for three years, which then reverts to 5.44%. Bath Building Society also offers the lowest rate in the three-year fixed chart this week of 2.59% (4.9% APRC), which is fixed for three years and then reverts to 5.44%. Both these deals require a minimum income of £35,000 and are available to those looking for a 95% LTV. These deals both charge £872 in product fees and do not include any incentives.

This week, Newcastle Building Society offered the lowest rate in the two-year fixed chart of 2.59% (5.1% APRC) fixed until 28 February 2022, before it reverts to 4.49%. This deal is available to those looking for a 95% LTV and charges £498 in product fees. It does not offer any incentives.

Barclays Mortgage continued to offer the lowest rate in the five-year fixed chart this week of 2.75% (3.7% APRC) fixed until 31 January 2025, reverting to 4.24% thereafter. This mortgage is available to those looking for a 95% LTV. It does not charge any mortgage fees, but includes the incentive of free valuations for properties valued to a maximum of £2m.

The best remortgage rates

Provider Rate Initial rate period Product fee
NatWest Int Sols 1.19% fixed Two years £995
HSBC 1.44% fixed Three years £999
Skipton Building Society 1.44% fixed Five years £995

NatWest Int Sols offers the lowest rate in the remortgage chart this week, with its rate of 1.19% (3.8% APRC) which is fixed until 31 January 2022 and then reverts to 4.24%. It should be noted that this deal is only available through a broker, and to those looking for a 60% LTV. Product fees amount to £995, but there are the added incentives of free valuations and no legal fees.

HSBC remained at the top of the three-year chart this week, offering 1.44% (3.6% APRC) fixed until 31 January 2023, before reverting to 4.19%. This deal is available to those earning a minimum income of £15,000 and who are looking for a 60% LTV. It charges £999 in product fees and includes the incentives of free valuations and no legal fees.

New to the top of the five-year chart this week is Skipton Building Society, offering 1.44% (3.7% APRC) fixed until 31 December 2024, after which it reverts to 4.99%. This deal is available to those looking for a 60% LTV and charges £995 in product fees. It includes the incentives of free valuations and no legal fees.

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.

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