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This week saw lenders continue to withdraw high loan-to-value (LTV) deals from the market, most notably Nationwide pulling its entire range of 90% and 95% LTV deals. This will be a disappointment to first-time buyers and homeowners looking to remortgage at a high LTV and will mean significantly less competition in this mortgage market. Saying this, competition across the rest of the mortgage market remains strong, with low rates available in both the moving home and remortgage charts.
Although in this round-up we’ve highlighted the lowest rates available, when looking for the best deal, borrowers should consider a range of factors such as flexible features and incentives, along with rate. Alternatively, a mortgage broker will be able to provide the best options for a borrower’s individual circumstances.
| Provider | Rate | Initial rate period | Product fees |
| Cumberland Building Society | 1.13% discounted variable | Two years | £1,999 |
| Barclays Mortgage HSBC |
1.14% fixed 1.14% fixed |
Two years Two years |
£999 £999 |
| HSBC | 1.29% fixed | Three years | £999 |
| Skipton Building Society | 1.35% fixed | Five years | £999 |
The lowest rate in the moving home chart that is available to those located in all areas of the UK is a discounted variable at a 60% loan-to-value (LTV). Cumberland Building Society offers 1.13% (3.7% APRC) discounted variable for two years, which reverts to 4.09%. This deal charges £1,999 in product fees and comes with the incentive of free valuation.
Two providers offer the lowest two year fixed rate of 1.14% at a 60% LTV. Barclays Mortgage offers 1.14% (3.2% APRC) fixed until 31 July 2022, which then reverts to 3.59% variable. This deal charges £999 in product fees and comes with the incentive of free valuation. At the same time, HSBC offers a rate of 1.14% (3.2% APRC) fixed until 30 September 2022 and then reverts to 3.54% variable. It charges £999 in product fees and comes with the incentive of free valuation.
HSBC also had the lowest rate in the three year fixed moving home chart this week. For those looking for a 60% LTV, it offers a rate of 1.29% (3.0% APRC) fixed until 30 September 2023, which then reverts to 3.54% variable for the remainder of the term. It charges £999 in product fees and comes with the incentive of free valuation.
For those looking for a five year fixed moving home at a 60% LTV, Skipton Building Society offers the lowest rate of 1.35% (3.4% APRC) fixed until 31 August 2025, reverting to 4.64% variable thereafter. This deal charges £1,995 in product fees and comes with the incentive of free valuation.
All the rates available can be found on our moving home chart.
| Provider | Rate | Initial rate period | Product fee |
| HSBC | 1.89% fixed | Two years | £999 |
| HSBC | 2.14% fixed | Three years | £999 |
| HSBC | 2.29% fixed | Five years | £999 |
With many lenders continuing to withdraw their 90% and 95% deals from the market, first-time buyers have seen the number of mortgage products available fall significantly over the last few weeks. As a result, the lowest rates in the two, three and five year fixed first-time buyer charts now come from HSBC. In the two year chart, for those looking for a 90% LTV, HSBC offers a rate of 1.89% (3.3% APRC) fixed until 30 September 2022, which then reverts to 3.54% variable. In the three year chart, HSBC has the lowest rate for those looking for a 90% LTV, offering 2.14% (3.3% APRC) fixed until 30 September 2023, reverting to 3.54% variable thereafter. In the five year chart, the lowest rate at a 90% LTV and without restrictive opening conditions, is HSBC’s 2.29% (3.1% APRC) deal, which is fixed until 30 September 2025 and then reverts to 3.54% variable for the remainder of the term. All these deals charge £999 in product fees and come with the incentive of free valuation.
All the rates available can be found on our first-time buyer chart.
| Provider | Rate | Initial rate period | Product fee |
| Lloyds Bank | 1.13% fixed | Two years | £999 |
| HSBC | 1.29% fixed | Three years | £999 |
| Lloyds Bank | 1.35% fixed | Five years | £999 |
The lowest two year fixed remortgage rate for those looking for a 60% LTV came from Lloyds Bank, which offers 1.13% (3.2% APRC) fixed until 31 August 2022 and then reverts to 3.59% variable. This deal charges £999 in product fees and comes with the incentives of free valuation and no legal fees.
In the three year fixed remortgage chart the lowest rate for those looking for a 60% LTV came from HSBC, which offers 1.29% (3.0% APRC) fixed until 30 September 2023, which then reverts to 3.54% variable. This deal charges £999 in product fees and comes with the incentives of free valuation and no legal fees.
Lloyds Bank had the lowest rate in the five year remortgage chart for those looking for a 60% LTV. Its deal offers 1.35% (2.8% APRC) fixed until 31 August 2025, which then reverts to 3.59% variable. It charges £999 in product fees and comes with the incentives of free valuation, no legal fees and £200 cashback.
All the rates available can be found on our remortgage chart.
Borrowers who are interested in any of these deals can speak to a mortgage broker. Speak To A Broker today for more information.
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.
