![]() Any links to a third party provider’s website on this site are for your convenience only. We will not be responsible to you if any product or advice you obtain form a third party is not suitable for you or does not meet your requirements. We do not recommend or accept any responsibility for any third party provider’s products, services, information, advice or opinions provided to you either directly or via their websites. However, we do not guarantee that all information is accurate and free of errors and omissions at all times and we do not accept any responsibility or liability for any loss you may suffer as a result of information on this site not being accurate at all times. We take reasonable care to correct errors or omissions on our site as soon as we can after we are made aware of them. As our website contains links through to firms which provide consumer credit we have limited permission to undertake credit broking activities and for these limited activities only AE3 Media Limited is authorised and regulated by the Financial Conduct Authority ![]() The principal business of AE3 Media is journalism. © AE3 Media Ltd, 21 Great Winchester Street, London, EC2N 2JA, Company Registration number 8938488.ĪE3 Media Limited is authorised and regulated by the Financial Conduct Authority We can expect mortgage rates to continue to edge downwards”. Rightmove’s mortgage expert Matt Smith said: “We’ve now seen the arrival of a sub-5%, five-year fixed rate mortgage in the important 85% loan-to-value bracket – the deposit size we see for many first-time buyers and home-movers. The mutual also dropped the two-year equivalent deal to 5.58%. ‘Mortgage rates will continue to edge downwards’Ĭoventry Building Society also reduced rates on its five-year residential remortgages up to 65% LTV – now priced at 4.86% and includes a £999 fee. Meanwhile, challenger bank Gen H made its third cut it nine days on two and three-year fixes, reducing rates by up to 0.17% and 0.26% respectively. The five-year fix for first-time buyers which comes with a £999 fee was clipped by the same amount and is available at 4.69%. This includes a two-year fix for residential borrowers at 60% LTV which was snipped by 0.1% to 5.14% and its five-year fix alternative is priced at 4.69% – a 0.05% drop. HSBC joined its high street rivals by chipping away at its mortgage rates for movers and first-time buyers. TSB also added a two-year fixed product to its residential purchase range at 85% to 90% LTV, which includes a £995 fee at a rate of 5.64%. Challenger Gen H joins the high street cutters Rightmove’s data shows the average rate now stands at 5.80% today – a drop from 6.19% a year ago.īorrowers can enjoy a 5.09% rate for a longer term, five-year fixed deal. Two-year fixes with the lender start at 5.39% at 60% LTV with a £1,995 fee. TSB has reduced rates by up to 0.3% for deals on two and five-year fixed buy-to-let mortgages. ![]() This deal compares favourably to the average five-year fixed residential mortgage rate of 5.83%, according to Moneyfacts’ figures. Its five-year fixes are down by 0.15% to 4.74% on its purchase deal at 60% LTV with a £1,495 fee. This has no product fee, offers £500 cashback and is fixed for two years. NatWest slashed rates by as much as 0.57% on remortgage deals for new borrowers up to 60% loan to value (LTV), including its help to buy shared equity remortgage offer – down from 6.2% to 5.63%. Meanwhile NatWest, TSB and HSBC also cut their costs as the battle for borrower business blazes on.
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