Some competitive mortgage rates have been launched by banks and building societies, offering opportunities for first time buyers and existing property owners to avail of good deals.
Here, we round-up of some of the best offers out there, while advising consumers to shoparound as new, better-value rates are continually coming onto the market.
Nottingham Building Society’s three year variable rate mortgage is a current frontrunner for its category of loan, at 3.99 per cent for those with a deposit of 10 per cent.
HSBC has launched its lowest ever fixed rate mortgage at 1.99 per cent over two years, available to borrowers with a 40 per cent deposit at a fee of £1,999, or £1,499 for HSBC current account holders.
Meanwhile, Post Office has introduced a 2.99 per cent five year fixed rate product for 75 per cent loan-to-value (LTV) at a fee of £1,495. It also has a three year fixed rate of 3.19 per cent at 60 per cent LTV with no fee and a five year fixed rate of 3.25 per cent, up to 60 per cent with no fee.
West Brom Building Society also has a good deal on a five year fixed rate product at 3.9 per cent on 80 per cent LTV.
Other good deals for those shopping around for mortgages include a variable rate mortgage by First Direct at 4.79 per cent with a maximum LTV of 90 per cent.
Natwest has a 2.28 per cent rate until January 2015 for those with 60 per cent LTV and Cumberland Building Society is offering 2.59 per cent on 75 per cent LTV.
The Co-Operative Bank has a three year fixed rate and a five year fixed rate product both at 3.79 per cent on maximum loan to value of 85 per cent and a two year fixed rate mortgage at 3.99 per cent at 90 per cent max LTV.
Hanley Economic Building Society has launched a five year fixed rate mortgage exclusively for first-time buyers. This deal offers a rate of 5.49 per cent and has a maximum loan-to-value (LTV) of 95 per cent.
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