Which lenders are offering the most competitively priced mortgages?
Two-year fixed mortgages are available from around 4.45% and five-year fixes from around 4.15% despite the increase in pricing over the last few weeks.
Barclays for Intermediaries, HSBC and Santander for Intermediaries are three lenders offering some of the most competitively priced mortgages.
Halifax was the largest bank to increase its mortgage rates this week. It pushed up its first-time buyer, large loan and newly built home, two and five-year fixes by up to 0.18% while raising some of its remortgage rates by up to 0.29%.
TSB increased some of its three-year fixed mortgages by up to 0.15%, and Nationwide Building Society raised its new business and existing customer rates by up to 0.15%.
Aaron Strutt, product director at Trinity Financial, says: "The mortgage market moves surprisingly quickly and the lenders are regularly changing their rates.
"If you are buying a property, it pays to assess the market to ensure you get the most competitively priced deal. There have been a lot of changes recently.
"If you are remortgageing, it is worth securing a rate rather than holding off to see what happens to the Bank of England base rate and the cost of borrowing."
Switch to a lender's new deal if its rates come down
Once you secure a mortgage, it is typically possible to switch to another rate if the bank or building society you have a mortgage offer with reduces its prices. If a rival lender offers a much better deal and you qualify, Trinity Financial's brokers can always help you secure the new deal.
Nationwide lowers deposit requirement for like-for-like remortgages
Nationwide Building Society has increased its like-for-like remortgage maximum borrowing limit up to 95% loan-to-value.
Mortgage lenders offer different income multiples. For example, some banks and building societies may lend a borrower four times their salary and others 5.5 times their salary.
Nationwide is offering remortgaging customers income multiples of up to 6.5x times their salary to help people switch to the building society and potentially secure a cheaper rate.
Applicants must be switching to the lender and cannot borrow more money than their current mortgage balance.
Call Trinity Financial on 020 7016 0790 to secure a mortgage, book a consultation, or complete our mortgage questionnaire.
The information contained within was correct at the time of publication but is subject to change.
Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage
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.
