Derin Clark

Derin Clark

Online Reporter
Published: 21/06/2019

This week the mortgage charts remained highly competitive, with attractive rates being found across the charts. The best rates on offer were from discounted variable mortgages, however those looking for a fixed term rate could still find low rates on offer. 

The best moving home mortgage rates

Provider Rate Initial rate period Product fee
Cumberland Building Society 1.26% discounted variable Two-year (variable) £1,999
Coventry Building Society 1.39% fixed until 30.09.2021 Two-year (fixed) £999
Coventry Building Society 1.55% fixed until 30.09.2022 Three-year (fixed) £999
Skipton Building Society 1.75% fixed until 30.09.2024 Five-year (fixed) £1,995

Remaining at the top of the moving home mortgage chart this week is Cumberland Building Society with a 1.26% discounted variable for two years (4.3% APRC) reverting to 4.74% after this discounted period ends. This mortgage requires a 60% loan-to-value (LTV) and the minimum amount that can be borrowed is £50,000 up to a maximum of £500,000. It charges £1,999 in product fees and allows overpayments.

The top rate available in the two-year fixed moving home mortgage chart came from Coventry Building Society offering 1.39% fixed until 30 September 2021 (4.2% APRC), after which it reverts to 4.99%. This mortgage requires a 65% LTV and charges £999 in product fees. There is no minimum loan for this mortgage and its maximum is dependent on the LTV. It comes with the incentive of free valuation (up to a maximum of £670) and allows overpayments.

Coventry Building Society was also offering the best rate in the three-year fixed chart with a rate of 1.55% fixed until 30 September 2022 (4.0% APRC), after which it reverts to 4.99%. A 65% LTV is required for this mortgage, which doesn’t have a minimum loan amount and its maximum is dependent on the LTV. It charges £999 in product fees and offers the incentive of free valuation (up to a maximum of £670). Overpayments are allowed.

Homeowners looking to fix their mortgage into a long-term fixed rate can get the top rate in the five-year fixed chart from Skipton Building Society, which is offering 1.75% fixed until 30 September 2024. A 60% LTV is needed to secure this mortgage, which has no minimum loan amount and its maximum is dependent on the LTV. This deal charges £1,995 in product fees and includes the incentive of no valuations. Both overpayments and payment holidays are allowed.

The best first-time buyer mortgage rates

Provider Rate Initial rate period Product fee
Marsden Building Society 2.54% discounted variable to 30.09.2021 Two-year (variable) £1,139
Newcastle Building Society 2.59% fixed to 31.07.2021 Two-year fixed £498
Barclays Mortgage 2.75% fixed to 31.07.2022 Three-year fixed £0.00
Saffron Building Society 2.97% fixed to 30.11.2024 Five-year fixed £135

 

The top rate in the first-time buyer mortgage chart without restrictions comes from Marsden Building Society, which is offering 2.54% discounted variable until 30 September 2021 (APRC 5.6%), after which it reverts to 6.20%. This mortgage requires a 95% LTV on a minimum loan of £20,000 to a maximum of £350,000. It charges £1,139 in product fees and offers the incentive of free valuation for properties valued to a maximum of £500,000. Overpayments are allowed.

The top rate in the two-year fixed first-time buyer mortgage chart came from Newcastle Building Society offering 2.59% fixed until 31 July 2021 (5.2% APRC), after which it reverts to 4.49%. This mortgage requires a 95% LTV and has a minimum loan of £10,000, while the maximum is dependent on the LTV. It charges £498 in product fees and allows overpayments.

Offering the top rate in the three-year fixed first-time buyer chart this week is Barclays Mortgage with a rate of 2.75% fixed to 31 July 2022 (3.9% APRC), after which it reverts to 4.24%. This mortgage requires a 95% LTV and has a minimum loan of £5,000 to a maximum of £500,000. It does not charge a product fee and comes with the incentive of free valuation for properties valued to a maximum of £2m. Overpayments are allowed.

In the five-year fixed rate first-time-buyer mortgage chart, the best rate is being offered by Saffron Building Society at 2.97% fixed to 30 November 2024 (4.0% APRC), after which it reverts to 4.64%. This mortgage requires a 95% LTV and has a minimum loan of £30,000 to a maximum of £500,000. It charges £135 in product fees and offers the incentive of free valuation. Overpayments are allowed.

The best remortgage rates

 

Provider Rate Initial rate period Product fee
Cumberland Building Society 1.26% discounted variable for 2 years Two-year discounted variable £1,999
Coventry Building Society 1.39% fixed to 30.09.2021 Two-year fixed £999
Coventry Building Society 1.55% fixed to 30.09.2022 Three-year fixed £999
Skipton Building Society 1.75% fixed to 30.09.2024 Five-year fixed £1,995

The best rate in the remortgage chart was being offered by Cumberland Building Society at 1.26% discounted variable for two years (4.3% APRC), after which it reverts to 4.74%. This mortgage requires a 60% LTV and has a minimum loan of £50,000 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.

Topping the two-year fixed remortgage chart this week is Coventry Building Society, with a rate of 1.39% fixed until 30 September 2021 (4.3% APRC), after which it reverts to 4.99%. A 65% LTV is required for this mortgage, which has no minimum loan and the maximum is dependent on the LTV. It charges £999 in product fees and comes with the incentives of free valuation (up to a maximum of £670) and free legal fees. Overpayments are allowed. Coventry Building Society also topped the three-year remortgage chart with a version of this mortgage deal offering 1.55% fixed until 30 September 2022 (4.0% APRC), after which it reverts to 4.99%. The incentives and other features mirror that of the two-year deal.

For those looking to remortgage for the longer-term, the best rate in the five-year remortgage chart came from Skipton Building Society offering 1.75% fixed until 30 September 2024 (3.8% APRC), after which it reverts to 4.99%. This deal requires a 60% LTV and has no minimum loan amount, while the maximum is dependent on LTV. This mortgage charges £1,995 in product fees and includes the incentives of free valuation and 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.

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