Eight different lenders have come to the market with mortgage rate reductions this week, across a range of loan-to-values and durations.
This doesn’t even include Teachers Building Society, which became the second mutual to make its Help to Buy mortgages available for remortgage as well as home purchase.
As FTAdviser reported yesterday, the society launched a discounted variable rate of 2.44 per cent for the first two years, which then changes to a standard variable rate of 4.99 per cent for the remainder of the term, available for loans up to 75 per cent loan-to-value, with an £899 arrangement fee and £99 application fee.
Nationwide unveiled a series of reductions across its range, lowering selected fixed-rates by up to 0.3 per cent. For those with a 10 per cent deposit, two-year fixed rate products now start at 3.34 per cent with a £999 fee, while five-year fixed rate deals with a £999 fee start at 3.89 per cent.
Here are all the rest of the rates that were publicly announced this week:
Lender | LTV/Type | Headline Rate | Product Fee |
Accord Buy-To-Let | 60%/2-year fixed | 2.44% | £2,495 |
Accord Buy-To-Let | 60%/2-year fixed | 2.59% | £800 |
Skipton Intermediaries | 60%/2-year fixed | 1.69% | |
Skipton Intermediaries | 60%/5-year fixed | 2.69% | |
Yorkshire Building Society | 65%/3-year fixed | 2.19% | |
Yorkshire Building Society | 65%/5-year fixed | 2.54% | |
Nationwide | 70%/3-year fixed | 2.19% | £999 (2.49% no fee) |
Skipton Intermediaries | 75%/2-year fixed | 1.99% | |
Skipton Intermediaries | 75%/2-year fixed | 2.99% | |
Leeds Building Society | 75%/2-year fixed | 2.39% | £999 |
Leeds Building Society | 75%/5-year fixed | 2.99% | £999 |
Leeds Building Society | 75%/2-year discounted rate | 2.35% | £999 |
Yorkshire Building Society | 75%/3-year fixed | 2.44% | |
Yorkshire Building Society | 75%/5-year fixed | 2.64% | |
Nationwide | 75%/3-year fixed | 2.49% | £999 (2.79% no fee) |
Nationwide | 75%/2-year fixed | 1.79% | £999 (2.19% no fee) |
Nationwide | 75%/5-year fixed | 2.69% | £999 (2.89% no fee) |
Nationwide | 75%/4-year Flexclusive | 2.54% | £999 (2.84% no fee) |
GE Money Home Lending | 75%/2-year discount | 1.99% | |
Fleet Mortgages | 75%/5-year fixed | 4.09% | 1% completion |
Fleet Mortgages | 80%/3-year fixed | 3.95% | 2% completion |
Fleet Mortgages | 80%/2-year fixed | 3.99% | 2% completion |
Fleet Mortgages | 80%/2-year fixed | 4.79% (limited company) | 1.5% completion |
Nationwide | 80%/2-year fixed | 1.99% | £999 (2.39% no fee) |
Nationwide | 80%/3-year fixed | 2.54% | £999 (2.84% no fee) |
Nationwide | 80%/5-year fixed | 2.94% | £999 (3.14% no fee) |
Nationwide | 80%/4-year Flexclusive | 2.69% | £999 (2.99% no fee) |
Yorkshire Building Society | 80%/3-year fixed | 2.99% | |
Mansfield Building Society | 80-85%/2-year fixed | 2.35% | £999 |
Mansfield Building Society | 80-85%/2-year fixed | 2.49% (remortgage) | £999 |
Yorkshire Building Society | 85%/5-year fixed | 3.34% | |
Nationwide | 85%/2-year fixed | 2.34% | £999 (2.74% no fee) |
Nationwide | 85%/3-year fixed | 3.14% | £999 (3.44% no fee) |
Nationwide | 85%/5-year fixed | 3.39% | £999 (3.59% no fee) |
Nationwide | 85%/4-year Flexclusive | 3.19% | £999 (3.49% no fee) |
Mansfield Building Society | 85-95%/2-year fixed | 3.85% | £499 |
Nationwide | 90%/2-year fixed | 3.34% | £999 (3.74% no fee) |
Nationwide | 90%/3-year fixed | 3.74% | £999 (4.04% no fee) |
Nationwide | 90%/5-year fixed | 3.89% | £999 (4.09% no fee) |
Nationwide | 90%/4-year Flexclusive | 3.74% | £999 (4.04% no fee) |
Skipton Intermediaries | 90%/5-year fixed | 4.79% | |
Skipton Intermediaries | 90%/2-year fixed | 4.49% | |
Yorkshire Building Society | 90%/3-year fixed | 3.59% | |
Yorkshire Building Society | 90%/5-year fixed | 3.94% | |
Yorkshire Building Society | 95%/3-year fixed | 4.69% | |
Yorkshire Building Society | 95%/5-year fixed | 4.89% |
peter.walker@ft.com