Best buy mortgages readily available
The Skipton Building Society has launched a 1.99% two-year tracker rate and it has a £995 arrangement fee. The lender will pay for the property valuation and the legal fees if you remortgage to them, but they do require 50% equity in the property.
More borrowers are looking to take five-year fixes because of the security that they offer and Accord Mortgages has one of the lowest five-year fixed rates at 3.64%. The arrangement fee is £1995 and a 25% deposit is required.
One of the most popular rates with our clients is NatWest's two-year fix at 2.55%. The arrangement fee is £999 and borrowers require a 40% deposit. The bank will pay the property valuation and legal fees if you remortgage from another lender.
Aaron Strutt, a broker at Trinity Financial, says: "Banks and building societies are now taking it in turns to offer the cheapest mortgages and rates edge down by the week. Lending figures are getting better and it is not a surprise with such low rates available.
"Fixed rates offer great value, but the cheapest mortgages track the Bank of England base rate. The lowest tracker rate that we have access to is 1.98%.
July 29, 2011
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
