MortgagesJan 30 2015

A market-beater, but little succour for high-LTV buyers

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A market-beater, but little succour for high-LTV buyers

As a potential first-time buyer, high loan-to-value mortgage deals always interest me.

This week, Yorkshire Building Society launched a two-year 4.49 per cent rate for those buying at 95 per cent loan to value. That covers a lot of first-timers in London, given the extortionate valuations in the capital.

A quick glance on Moneysupermarket.com shows that the best initial two-year fix rate is at 4.59 per cent, making this in headline terms a market-beater. But it was alone in terms of new offers for small deposit buyers - and more competitive rates still seem to have been launched elsewhere.

Here are all the rates that were publicly announced this week:

LenderLTV/typeHeadline rateProduct fee
Scottish Widows60%/2-year fixed1.79% (Flexible) 1.59% (Professional) £1,499
Scottish Widows60%/2-year fixed1.99% (Flexible) 1.79% (Professional)£999
Scottish Widows60%/3-year fixed2.59% (Flexible) 2.39% (Professional)£0
Scottish Widows60%/3-year fixed2.29% (Flexible) 2.09% (Professional)£1,499
Natwest60%/2-year fixed1.49%£1,495
Natwest60%/3-year-fixed1.99%£1,495
Natwest60%/5-year fixed2.49%£1,495
Natwest60%/2-year tracker1.39%£1,495
Platform60%/3-year fixed2.09%£999
Platform60%/5-year fixed2.49%£999
Virgin Money65%/2-year fixed1.59%£995
Virgin Money65%/2-year fixed1.49% (Larger Loan)£1,495
Virgin Money65%/4-year fixed2.25% (Larger Loan)£995
Virgin Money65%/4-year fixed2.29% (Larger Loan)£1,495
Yorkshire65%/2-year fixed1.29%£345
Yorkshire65%/2-year fixed1.59%£345
Natwest70%/2-year fixed1.85%£995
Natwest70%/5-year fixed3.29%£0
Natwest70%/5-year fixed2.88%£99
Natwest70%/2-year tracker1.75%£995
Natwest75%/2-year fixed1.93%£995
Natwest75%/2-year fixed2.93%£0
Natwest75%/5-year fixed2.95%£995
Natwest75%/2-year tracker2.83%,£995
Yorkshire 75%/2-year fixed1.54%£845
Yorkshire75%/3-year fixed2.24%£845
Platform80%/5-year fixed3.19% £999
Natwest80%/2-year fixed 2.93% (FTB exclusive)£0
Virgin Money80%/2-year fixed2.04%£995
Virgin Money 85%/2-year fixed2.39%£995
Virgin Money85%/2-year fixed2.34% (New-build) £995
Natwest85%/5-year fixed3.69%.£995
Natwest85%/5-year fixed4.05%£0
Natwest90%/2-year fixed3.65%£995
Natwest90%/2-year fixed4.05%£0
Natwest90%/5-year fixed4.39%.£0
Natwest90%/5-year fixed4.35% (FTB exclusive)£0
Yorkshire95%/2-year fixed4.49% £845