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:
Lender | LTV/type | Headline rate | Product fee |
Scottish Widows | 60%/2-year fixed | 1.79% (Flexible) 1.59% (Professional) | £1,499 |
Scottish Widows | 60%/2-year fixed | 1.99% (Flexible) 1.79% (Professional) | £999 |
Scottish Widows | 60%/3-year fixed | 2.59% (Flexible) 2.39% (Professional) | £0 |
Scottish Widows | 60%/3-year fixed | 2.29% (Flexible) 2.09% (Professional) | £1,499 |
Natwest | 60%/2-year fixed | 1.49% | £1,495 |
Natwest | 60%/3-year-fixed | 1.99% | £1,495 |
Natwest | 60%/5-year fixed | 2.49% | £1,495 |
Natwest | 60%/2-year tracker | 1.39% | £1,495 |
Platform | 60%/3-year fixed | 2.09% | £999 |
Platform | 60%/5-year fixed | 2.49% | £999 |
Virgin Money | 65%/2-year fixed | 1.59% | £995 |
Virgin Money | 65%/2-year fixed | 1.49% (Larger Loan) | £1,495 |
Virgin Money | 65%/4-year fixed | 2.25% (Larger Loan) | £995 |
Virgin Money | 65%/4-year fixed | 2.29% (Larger Loan) | £1,495 |
Yorkshire | 65%/2-year fixed | 1.29% | £345 |
Yorkshire | 65%/2-year fixed | 1.59% | £345 |
Natwest | 70%/2-year fixed | 1.85% | £995 |
Natwest | 70%/5-year fixed | 3.29% | £0 |
Natwest | 70%/5-year fixed | 2.88% | £99 |
Natwest | 70%/2-year tracker | 1.75% | £995 |
Natwest | 75%/2-year fixed | 1.93% | £995 |
Natwest | 75%/2-year fixed | 2.93% | £0 |
Natwest | 75%/5-year fixed | 2.95% | £995 |
Natwest | 75%/2-year tracker | 2.83%, | £995 |
Yorkshire | 75%/2-year fixed | 1.54% | £845 |
Yorkshire | 75%/3-year fixed | 2.24% | £845 |
Platform | 80%/5-year fixed | 3.19% | £999 |
Natwest | 80%/2-year fixed | 2.93% (FTB exclusive) | £0 |
Virgin Money | 80%/2-year fixed | 2.04% | £995 |
Virgin Money | 85%/2-year fixed | 2.39% | £995 |
Virgin Money | 85%/2-year fixed | 2.34% (New-build) | £995 |
Natwest | 85%/5-year fixed | 3.69%. | £995 |
Natwest | 85%/5-year fixed | 4.05% | £0 |
Natwest | 90%/2-year fixed | 3.65% | £995 |
Natwest | 90%/2-year fixed | 4.05% | £0 |
Natwest | 90%/5-year fixed | 4.39%. | £0 |
Natwest | 90%/5-year fixed | 4.35% (FTB exclusive) | £0 |
Yorkshire | 95%/2-year fixed | 4.49% | £845 |