Latest mortgage rate deals Go compare with our comparison table

Latest mortgage rate deals

23 May 2012 / by James Caldwell

Mortgage rates are constantly changing and the deals available from one week to the next make finding the best mortgage rate for your circumstances not always an easy task. We have put together a selection of current deals worth considering if you are looking to remortgage move house or if you are a first time buyer.

2 Year Fixed Rate Mortgage Rates

For those who have 60% or less loan to value on their current property Natwest are currently offering 2.99% initial for a 2 year fixed term with a product fee of £999. The same deal is available through Royal Bank of Scotland. The Overall cost for comparison for these deals is 4.10% APR. For those who have up to 70% loan to value on their property HSBC are offering an initial fixed rate of 3.29% for the first two years with a booking fee of £599. The overall cost for comparison on this deal is 4.00% APR. For borrowers who have a 5% deposit Natwest are currently offering a 2 year fixed rate mortgage deal at 4.79% with a product fee of £499. The overall cost for comparison on this mortgage deal is  4.30% APR.

5 Year Fixed Rate Mortgage Rates

If you are looking for a 5 year fixed rate mortgage have up to 60% loan to value on your property Natwest and RBS are offering an initial rate of 3.95% with an overall cost for comparison of 4.30% APR. The product arrangement fee is £999. On a 70% loan to value basis HSBC are offering an initial rate of 3.99% with an overall cost for comparison of 4.10%. The product booking fee is £599. The fee free option has an increased initial rate of 4.29% with an overall cost for comparison of 4.20%. For first time buyers Natwest are offering a 95% loan to value mortgage with an initial rate of 5.49% fixed for 5 years with an overall cost for comparison of 4.80%. There is a product fee of £499.

2 Year Tracker Mortgage Rates

With interest ratese remaining low and forecasts suggestin they will remain for some time many people are opting for tracker mortgages. With a 2 year tracker mortgage currently Natwest are offering on a 60% loan to value basis an initial rate of 2.69% for 2 years with a £999 product fee and an overall cost for comparison of 4.00% APR. For people looking to borrow on a 85% loan to value basis HSBC currently are offering 3.59% for 2 years with an overall cost for comparison of 4.00%. There is no booking fee for this product.

Lifetime Tracker Mortgage Rates

HSBC are currently offering a range of lifetime tracker mortgage deals ranging from a loan to value of 70% to 90%. You can get a rate of 2.99% currently on a 70% LTV basis. the product tracks at 2.49% plus base rate (currently 0.50%) and there is a product fee of £599. the overall cost for comparison is 3.10% APR. On a 85% LTV basis the initial rate currently is 3.79% with the product tracking at 3.49% plus base rate (0.50%). There is no fee with this product. 

See our mortgage tables for a selection of mortgage deals from UK lenders. Mortgage information correct at the time of writing 23/12/2012

 

Latest Mortgage Deals Selection

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

2.99%

Reverts to 4.70%

5

Years

75%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

3.09%

Reverts to 4.70%

5

Years

80%

YesMore Info >
  • Available to all customers
  • Product fee of £999

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products are a selection of top deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063