The best residential mortgage rates this week 3.4.20 | moneyfacts.co.uk
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Derin Clark

Derin Clark

Online Reporter
Published: 03/04/2020

This week, mortgage lenders made the headlines as they began temporarily withdrawing many of their mortgage products from the market. The reason for these withdrawals could be down to a number of factors and many lenders have revealed that they have been inundated with homeowners requesting mortgage repayment holidays. As the economic crisis caused by the Coronavirus pandemic continues, it is clearly having a dramatic impact on both the mortgage and housing markets.

Here, we’ve highlighted the lowest rates available in our charts, but mortgage borrowers should keep in mind that the lowest rate available might not be the best deal for their personal circumstances. Instead, borrowers should consider factors such as product fees, flexible features and incentives, all of which can be found on our mortgage charts, when choosing the best mortgage deal.

The best mortgage rates for home-movers

Provider Rate Initial rate period Product fee
Halifax 1.17% fixed Two years £995
HSBC 1.34% fixed Three years £999
Halifax 1.46% fixed Five years £995

This week, Halifax had the lowest rate in the two year fixed home-mover chart, offering 1.17% (3.4% APRC) fixed until 31 May 2022, which then reverts to 3.74% variable. This mortgage is available to those looking for a 60% loan-to-value (LTV). It charges £995 in product fees and there are no incentives with this deal. Halifax also had the lowest rate in the five year fixed moving home chart this week, offering 1.46% (2.9% APRC) fixed until 31 May 2025, which reverts to 3.74% variable thereafter. This deal has the same terms and conditions as the two year fixed rate mortgage.

HSBC had the lowest rate in the three year fixed moving home chart this week, offering 1.34% (3.0% APRC) fixed until 30 June 2023, which then reverts to 3.54% variable. This deal is available for those looking for a 60% LTV and who have a minimum earned income of £15,000. It charges £999 in product fees and comes with the incentive of free valuation.

Moving home mortgages

All the rates available can be found on our moving home chart.

The best first-time buyer mortgage rates

Provider Rate Initial rate period Product fee
HSBC 2.84% fixed Two years £0
Saffron Building Society 2.77% fixed Three years £180
Saffron Building Society 2.67% fixed Five years £180

HSBC had the lowest rate in the first-time buyer mortgage 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 for 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.

Saffron Building Society had the lowest rate in the three year fixed first-time buyer chart, offering 2.77% (4.2% APRC) fixed until 31 July 2023, reverting to 4.64% variable thereafter. This deal is available for those looking for a 95% LTV. It charges £180 and comes with the incentive of free valuation. Saffron Building Society also had the lowest rate in the five year fixed first-time buyer chart, offering 2.67% (3.9% APRC) fixed until 31 August 2025. This deal has the same terms and conditions as the three year fixed deal.

First-time buyer mortgages

All the rates available can be found on our first-time buyer chart.

The best remortgage rates

Provider Rate Initial rate period Product fee
NatWest Int Sols 1.19% fixed Two years £995
HSBC 1.34% fixed Three years £999
Skipton Building Society 1.41% fixed Five years £1,995

NatWest Int Sols had the lowest rate in the two year fixed remortgage chart this week offering 1.19% (3.3% APRC) fixed until 30 June 2022, which then reverts to 3.59% variable. This deal is only available through a mortgage broker for those looking for a 60% LTV. It charges £995 in product fees and comes with the incentive of free valuation and no legal fees.

HSBC had the lowest rate in the three year remortgage chart offering 1.34% (3.1% APRC) fixed until 30 June 2023, reverting to 3.54% variable thereafter. This deal is available to those looking for a 60% LTV and who have a minimum earned income of £15,000. It charges £999 in product fees and comes with the incentive of free valuation and no legal fees.

Skipton Building Society had the lowest rate in the five year remortgage chart offering 1.41% (3.7% APRC) fixed until 31 May 2025. This deal is available to those looking for a 60% LTV. It charges £1,995 in product fees and comes with the incentive of free valuations and no legal fees.

Remortgages

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 for more information.

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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