The Five Best Remortgage Deals Currently Available | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 29/04/2020

As many of the biggest mortgage lenders are able to carry out automated valuations for remortgages, and with rates remaining competitively low, now could be the ideal time for homeowners on their lender’s Standard Variable Rate or coming to the end of their mortgage term to lock into a new remortgage deal.

To help homeowners considering remortgaging choose the best deal, we’ve highlighted five of the best deals in the charts today. When deciding which deals to highlight, we’ve taken into account a range of factors including rate, fees, incentives and flexible features. As well as this, all the remortgage deals chosen are available using automated valuations.

The best two year remortgage deals

One of the most competitive two year remortgage deals currently available is from first direct, which offers 1.34% (3.2% APRC) fixed for two years and then reverts to 3.54%. This deal is available to those looking for a 60% loan-to-value. It charges £490 in product fees and comes with the incentives of a free valuation and no legal fees.

For homeowners searching for a remortgage deal on an 80% LTV, NatWest has the most competitive two year deal at the moment. Its deal offers 1.51% (3.3% APRC) fixed until 30 June 2022, which then reverts to 3.59%. This deal charges £995 in product fees and comes with the incentives of a free valuation, no legal fees and £250 cash back.

The best three year remortgage deal

The best remortgage deal in the three year remortgage chart comes from HSBC, which offers 1.94% (3.2% APRC) fixed until 30 June 2023, after which it reverts to 3.54%. This deal is available to those looking for an 85% LTV. There are no product fees charged with this deal and it comes with the incentives of a free valuation and no legal fees.

The best five year remortgage deal

Borrowers looking to lock their remortgage payments into a five year deal will find that first direct has the most competitive deal on a 75% LTV. It offers 1.59% (2.9% APRC) fixed for five years, which then reverts to 3.54%. This deal charges £490 in product fees and comes with the incentives of a free valuation and no legal fees.

For those requiring a higher LTV of up to 85%, Lloyds Bank currently has the best five year fixed remortgage deal. Lloyds Bank offers 1.84% (3.0% APRC) fixed until 31 August 2025, reverting to 3.59% thereafter. This deal charges £999 in product fees and comes with the incentives of a free valuation and no legal fees.

To see all the current remortgage deals available visit our remortgage chart.

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