| Provider |
Rate |
Initial rate period |
Product fee |
| Leek United Building Society |
2.60% discounted variable |
Two years |
£0 |
| HSBC |
2.84% fixed |
Two years |
£0 |
| HSBC |
3.04% fixed |
Three years |
£0 |
| Barclays Mortgage |
2.75% |
Five years |
£0 |
The lowest rate in the first-time buyer chart this week came from Leek United Building Society, which offers 2.60% (5.2% APRC) discounted variable for two years, and then reverts to 5.69% variable. This deal is available to those looking for a 95% LTV and who earn a minimum income of £20,000. It does not charge any product fees and comes with the incentive of free valuation and £400 cashback on completion.
HSBC offered the lowest rate in the two year fixed first-time buyer chart this week, offering 2.84% (3.5% APRC) fixed until 30 June 2022, which then reverts to 3.54% variable. This deal is available to those looking for a 95% LTV and who earn a minimum income of £15,000. It does not charge any product fees and comes with the incentive of free valuation. HSBC also offered the lowest rate in the three year fixed first-time buyer chart this week, offering 3.04% (3.5% APRC) fixed until 30 June 2023, reverting to 3.54% variable thereafter. This deal has the same terms and conditions as the two year fixed mortgage.
The lowest rate in the five year fixed first-time buyer chart this week came from Barclays Mortgage, which offers 2.75% (2.7% APRC) fixed until 31 July 2025, after which it reverts to 2.59% variable. This deal is available to those looking for a 95% LTV. It does not charge any product fees and comes with the incentive of free valuation for properties valued to a maximum of £2m.
