Persona Report W/C 23.4.24

The best mortgage offers this week from the top ten lenders

Data from Twenty7tec shows rates fluctuating slightly this week, as we see slight increases and some stillness across the select persona.

 

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 

No change in the best offer for two years fixed which remains with AIB at the rate of  £2945.22. The average of the top ten lenders is up slightly by 0.23% from £2974.42 to £2981.48.

 

5 year fixed 

Nationwide stays in the lead with the top offer for a five-year fixed deal at £2927.26. The average from the top ten lenders stays at £2929.56, same as last week.

 

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

Halifax knocked Barclay’s from the top spot with a new offer of £3858.26, up 0.48% from Barclay’s offer of £3839.53. The average of the top ten lenders goes up to £3862.38 from £3859.40.

 

Remortgage

Skipton keeps its top spot with an offer of £3,603.68, same as last week. The average of the top ten lenders is up 0.79% to £3814.28 from £3784.20.

 

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 still retains the best offer with Nationwide with its rate of £2807.75. The average mortgage rate for first-time buyers sticks at £2819.26, same as last week.

Nationwide also stays in the lead for the 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 stays in the lead for the second week in a row at its rate of £852.43. The average from the top ten lenders is up slightly to £856.72 from £854.64 last week.

 

Single person

Single person with no children after a £190k home with a £60k deposit.

AIB keeps its leading streak with its offer of £634.96. The average of the top ten lenders rose to £652.78 from £648.20.