Persona Report W/c 1.4.24
Following the bank holiday weekend, there’s little change in the offers from the top ten lenders this week, Twenty7tec reports below.
The married couple
A married couple, aged 42 and 44, with two kids buying a £525k house. £385k mortgage, 15-year term, LTV 73.33%, earnings of £85k and £57k
2 year fixed
For the fourth week in a row the best deal for the married couple is with AIB at a rate of £2945.22.
Very little change from the average of top ten lenders which goes from last week’s £2968.21 to £2969 this week.
5 year fixed
Nationwide BS is still in the top spot for a 5-year fixed mortgage, with an offer of £2927.26.
The average of the top ten lenders rose slightly to £2931.53 from £2929.17.
The London professionals
A married couple, aged 45 and 48 with three kids. £1m house. £500k mortgage, 15-year term, LTV 50%, both earn £85k each
Mortgage
No change for first place, with Barclay’s still in the lead with the same offer as last week, £3839.53. The average of the top ten lenders goes up to £3863.15 from £3861.36 last week.
Remortgage
The best rate for London professionals looking to remortgage is still a rate of £3581.17 with Skipton.
The average of the top ten lenders rose to £3777.44 from£3773.33.
First-time buyers
An unmarried couple, aged 29 and 28, no kids, buying a £525k house with a £50k deposit from the BOMAD, 25-year term, LTV 90.48%. One earns £85k, the other earns £57k
Nationwide remains in the top spot for the best offer with its rate of £2807.75. The average mortgage rate for first-time buyers stays at £2818.70, same as last week.
The best choice for a five-year fixed rate mortgage is still with Nationwide at £2807.75.
Couple in their twenties
An unmarried couple, aged 28 and 29, on £38k and £32k, who have one child looking to buy a house for £170k with a £20k deposit.
Progressive BS still offers the best deal for a couple in their twenties at the same rate of £838.01.
The average of the top ten lenders for a couple in their twenties goes to £850.89 from £852.19.
Single person
Single person with no children after a £190k home with a £60k deposit.
AIB takes the top spot for the seventh week in a row with an offer of £634.96.
The average of the top ten lenders’ rates this week is £648.30.
