Exclusive mortgage rates and another seven day special

Mortgage lenders are looking for new ways to offer market leading rates as a way to increase demand. By using deadlines they are trying to speed up completion times.

Abbey for Intermediaries (AfI) withdrew their market leading two-year tracker rate at 1.99% on Thursday (June 16) and replaced it with another best-buy fix.

Trinity has access to the lowest two-year fixed rate in the market and it will be available for seven days. The mortgage is fixed for two-years at 2.89% and it requires a 40% deposit. The maximum loan size is £1 million and the arrangement fee is low at £995. If you are purchasing a property the lender will pay for the property valuation and give you £250 cash back. If you're looking to remortgage, they offer a free valuation and legals service.

Northern Rock has also launched a low fixed rate exclusively via brokers. It is for two-years and priced at 2.89%. The arrangement fee is £1595 and borrowers will require a 30% deposit. The maximum loan is £1 million.

June 17, 2011