Persona Report w/c 12.2.24
The best mortgage offers this week from the top ten lenders
Data from Twenty7tec shows rates fluctuate slightly this week, as we see both increases and decreases across the board. Skipton BS is steadfast with its best rates, again claiming the top spot for mortgage offers for various persona.
The married couple
A married couple, aged 42 and 44, with two children are buying a £525k house. £385k mortgage, 15-year term, LTV 73.33%, earnings of £85k and £57k
2 year fixed
Santander takes the top spot this week for a 2-year fixed mortgage, with an offer of £2913.56, topping last week’s best offer from Nationwide of £2921.37.
The average of the top ten lenders sits at £2922.96, down 0.06% from last week’s average of £2924.73.
5 year fixed
HSBC remains on top this week with the best rate on the market for a 5-year fixed mortgage, at £2880.24, down from its best offer last week of £2889.97.
£2881.50 is the average rate of the top ten lenders this week, a percentage decrease of 0.28% from last week’s average of £2889.71.
The London professionals
A married couple, aged 45 and 48, with three children. £1m house. £500k mortgage, 15-year term, LTV 50%, both earn £85k each
Mortgage
Santander rises to the top this week with the best offer for the London professionals, with a rate of £3756.24, a slight increase from last week’s best deal from Halifax of £3748.65.
The average of the top ten lenders this week is £3773.43, an increase of 0.15% from last week’s average of £3767.66.
Remortgage
If you’re looking to remortgage, Skipton remains victorious for the fourth week, offering the same best rate of £3541.35.
The average of the top ten offers this week falls at £3706.98, an increase of 0.22% from last week’s average of £3698.62.
First-time buyers
An unmarried couple, aged 29 and 28, with no kids, is buying a £525k house with a £50k deposit from the BOMAD, 25-year term, LTV 90.48%. One earns £85k, the other earns £57k
The best offer for a 63-month fixed term rate, once again, remains with Skipton BS this week with its fixed offer of £2773.40.
The new average for the mortgage lenders this week is £2785.59, up 0.22% from last week’s average of £2779.20.
The best rate for a 2-year fixed term stays with Nationwide with its offer of £2866.56.
If you’re looking for a 5-year fixed-term mortgage, once again, Skipton BS remains in the lead, offering the same rate of £2773.40.
Couple in their twenties
An unmarried couple, aged 28 and 29, on 38k and 32k, who have one child, are looking to buy a house 170k with a 20k deposit.
Cumberland BS claims the top spot this week with its offer of £833.31.
For a couple in their twenties, the average price of mortgage lender rates this week sits at £838.17, an increase of 0.09% from last week’s average of £837.393.
Single person
Single person with no children after a 190k home with a 60k deposit.
Cumberland BS once again took the lead with the best rate on the market, remaining at £631.47.
£635.373 is the average of the top ten mortgage lenders for a singleton this week, down 0.29% from the average last week of £637.265.
