As asking prices are set to fall by 1% in 2024, home movers may wish to consider tempting offers from Halifax or Nationwide ahead of the new year.
For first-time buyers, Skipton Building Society has entered the fray, boasting the lowest rate for a five-year fixed deal.
Read on as we take a look at the best offers from mortgage providers, using data from Moneyfacts.
The best remortgage rates
NatWest remains the leading provider for homeowners looking for remortgages deals. A two-year fixed rate is priced at 4.82% up to 60% loan-to-value (LTV) deal and it comes with a free valuation and legal fees, with a charge of £1,495.
The next best:
Why Life Insurance Still Matters – Even During a Cost-of-Living Crisis
Sponsored by Post Office
- Virgin Money: Three-year fix is 4.58% up to 70% LTV and free legal fees, and valuation are added in, as is a product fee of £995.
- Yorkshire Building Society: A Moneyfacts ‘best buy’ if you need to borrow more, costing 5.09% at 80% LTV. A £1,495 product fee charge is included as are free legal fees and a complimentary valuation.
- Skipton Building Society: The lowest five-year fix around with a 4.57% rate for up to 60% LTV. There is a £2,995 product fee, but free valuation and legal fees too.
The best mortgage rates for home movers
Halifax is once again the best two-year fixed rate boasting 4.75% up to 60% of your new property. A £999 fee is included plus an incentive for households with an Energy Efficiency Band in the A or B category (or rating of 81 or higher) to the tune of £250.
The other best alternatives:
- Nationwide Building Society: This three-year fix is a Moneyfacts ‘best buy’, priced at 4.79% up to 60% LTV. A £999 product fee is included and if you have an Energy Performance Certificate of 92 or more, you’ll bag £500 cashback. If the certificate score is between 86 and 91, that still means £250 goes into your pocket.
- Yorkshire Building Society: Another ‘best buy’ if you wish to borrow more on a three-year fix, with a direct rate of 4.89% at 75% LTV. There are no legal fees, a free valuation and a product fee of £1,495.
- Virgin Money: This is the lowest rate for a five-year fixed rate, priced at 4.36%, financing 65% of your property. There is a £1,295 product fee involved as well as a £500 cashback incentive.
The best first-time buyer mortgages
If you are making the leap onto the property ladder for the first time, the best rate on the market is still Virgin Money’s two-year fixed deal. For a 10% deposit, the lender is offering 5.33% plus a free valuation with a £1,295 product charge.
The next best:
- Virgin Money: A five-year fix with a 10% deposit at a rate of 4.80%. The offer also has a product fee of £1,295 and a courtesy valuation.
- Yorkshire Building Society: The mutual still offers the lowest rate available directly on a two-year fix of 5.68%, has a free valuation and a charge of £1,495 as a product fee.
- Skipton Building Society: For a smaller deposit of 5% on a five-year fix, there is a 5.26% rate available with a £999 product fee here.
