News

The best mortgage rates this week
Category: Mortgages
Author: Derin Clark
Date: 12/04/2019

The biggest change this week was in the remortgage chart, which saw two new rates taking first and second spot so that those looking to remortgage their home could get a rate of 1.44% variable. Within the fixed rate mortgage charts, 1.54% was the rate topping the two-year Best Buy chart and 1.74% topped the three-year Best Buy chart. For those looking for a longer mortgage term, a rate of 1.96% was in top spot in the five-year fixed Best Buy chart this week.


A selection of the best two-year fixed rate mortgages

In the Best Buy two-year fixed rate mortgage chart this week:

  • Yorkshire Building Society – 1.54%
  • NatWest – 1.60%
  • first direct – 1.64%

Often the most competitive mortgage rates can be found in the two-year fixed rate Best Buy chart and this week the rate at the top of the chart was from Yorkshire Building Society offering 1.54% fixed until 30 June 2021. This product requires a 35% deposit – 65% (loan-to-value (LTV) – and charges a completion fee of £995. It includes the incentives of free valuation and £250 cashback. It also allows underpayments, overpayments and payment holidays.

NatWest took second place this week offering a rate of 1.60% fixed until 30 June 2021 for borrowers with a 20% deposit (80% LTV). This deal charges a booking fee of £995 and includes the incentive of £250 cashback. first direct took third spot with its rate of 1.64% fixed for two years on a 25% deposit (75% LTV). It charges a booking fee of £490, which increases depending on the amount borrowed and comes with the incentive of free valuation. Both of these rates allow overpayments.


A selection of the best three-year fixed rate mortgages

In the Best Buy three-year fixed rate mortgage chart this week:

  • HSBC – 1.74%
  • Barclays Mortgage – 1.79%
  • Yorkshire Building Society – 1.89%

Topping the Best Buy three-year fixed rate chart this week was HSBC offering 1.74% fixed until 31 July 2022. This deal requires a 25% deposit (75% LTV) and charges a completion fee of £999. It comes with the incentive of free valuation. Barclays Mortgage was new into second place in the Best Buy chart this week offering a rate of 1.79% fixed until 31 July 2022 on a 25% deposit (75% LTV). This deal charges an arrangement fee of £999 and includes the incentives of free valuation for properties valued at a maximum of £2m and for remortgage customers, free legal fees. Taking third place in the Best Buy chart this week was Yorkshire Building Society offering a rate of 1.89% fixed until 30 June 2022. This deal requires a 15% deposit (85% LTV) and charges a completion fee of £995. It includes the incentive of free valuation. This rate allows underpayments, overpayments and payment holidays; while the HSBC and Barclays Mortgage deals only allow overpayments.


A selection of the best five-year fixed rate mortgages

In the Best Buy five-year and over fixed rate mortgage chart this week:

  • Yorkshire Building Society – 1.96%
  • Sainsbury's Bank – 2.01%
  • Yorkshire Building Society – 2.10%

Yorkshire Building Society topped the Best Buy five-year fixed rate chart this week offering a rate of 1.96% fixed until 30 June 2024. This product requires a 25% deposit (75% LTV) and a completion fee of £995 is charged. It includes the incentives of free valuation and £500 cashback. New into second place in the Best Buy chart this week was Sainsbury's Bank offering a rate of 2.01% fixed until 30 June 2024. This deal requires a 20% deposit (80% LTV) and charges an arrangement fee of £995. It includes the incentive of free valuation. Yorkshire Building Society appeared again in the Best Buy chart in third position for a 2.10% rate that is fixed until 30 June 2024. This deal requires a 15% deposit (85% LTV) and charges a completion fee of £995. It includes the incentives of free valuation fee and £500 cashback. All these deals allow underpayments, overpayments and payment holidays.

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.