The market continues to be competitive and not many of the best rates have changed this week as a result. We have extended this week’s review to include some of the best mortgage rates at 80% and 90% loan-to-value (LTV) and the best 10year fixed deal for home-movers.
Although lockdown has been eased slightly so that surveyors are able to return to work, this is likely to be a slow process. However, some lenders are using automated and desktop valuations to try and complete mortgages as quickly as possible.
Borrowers should remember that the lowest rate may not be the best mortgage deal for them. It’s important to consider the effect of fees on your total mortgage cost, plus any features such as flexibility for overpayments.