Persona Report W/C 15.4.24
Twenty7tec reports some movement from the top ten lenders.
After two weeks of stillness, Twenty7tec reports on the small movements in the mortgage market from the top ten lenders.
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
Best offer for two year fixed remains with AIB at the rate of £2945.22. The average of the top ten lenders is up 0.18% to £2974.42 from £2969.
5 year fixed
The top offer for a five-year fixed deal is still with Nationwide at £2927.26. The average drops ever so slightly to £2929.56 from £2931.53.
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
Barclays stays in the lead with an offer of £3839.53. The average of the top ten lenders dips to £3859.40 from £3863.15.
Remortgage
Skipton stays in the lead but with a new offer of £3603.68 up 0.62% from last week’s £3581.17. The average of the top ten lenders is up 0.17% to £3784.20 from £3777.44.
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
The best offer remains with Nationwide with its rate of £2807.75. The average mortgage rate for first-time buyers moves up to £2819.26 from last week’s £2818.70.
Nationwide keeps the top spot for cheapest provider for a five-year fixed rate mortgage 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.
HSBC knocks Progressive BS from the top spot with a rate of £852.43. The average from the top ten lenders rises to £854.64 from last week’s £850.89.
Single person
A single person with no children after a £190k home with a £60k deposit.
There has been no change in the best provider, which once again is AIB with its offer of £634.96. The average of the top ten lenders only drops to £648.20.
