Persona Report W/C 4.12.23

First week of December: what are the top offers for housebuyers from the top ten lenders in the UK?

This week, Skipton BS continues to lead with the most competitive offers, although our data shows figures decreasing across the board. 

 

The married couple 

A married couple, aged 42 and 44, with 2 children, is buying a £525k house. £385k mortgage, 15-year term, LTV 73.33%, earnings of £85k and £57k

 

2 year fixed 

Skipton stays in the lead with the best offer of £2823.03, the same as last week. 

 

The average of the top ten lenders is now £2991.75, down 0.33% from £3001.77 last week.

 

5 year fixed 

 

The best offer is now with Halifax from HSBC at £2954.84, down slightly from last week’s £2978.47.

 

The average of the top ten lenders drops by 0.65% to £2963.87 from £2983.33. 

 

The London professionals

 

A married couple, aged 45 and 48, with 3 children. £1m house. £500k mortgage, 15-year term, LTV 50%, both earn £85k each 

 

Mortgage

The best initial rate sticks with Skipton at £3653.53, the same as last week. 

 

The average of the top ten lenders is £3884.11, from £3898.63 last week, down 0.37%. 

 

Remortgage

Skipton remains in the lead with the best offer of £3653.53.

 

The average of the top 10 lenders dips by 0.33% to £3863.25 from £3876.24.

 

First-time buyers

An unmarried couple, aged 29 and 28, with no children, 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

 

Skipton still holds the place for the best initial rate of £2824.17 for a 63-month offer.

 

The average initial open rates from the top ten lenders drops slightly to £2872.91 from £2872.92.

 

The best rate for a two-year fixed mortgage stays with Skipton BS at £3014.27.

 

Skipton BS remains in the lead once again for a five-year fixed-fee mortgage, offering £2824.17, the same as last week. 

 

Couple in their twenties

An unmarried couple, aged 28 and 29, on 38k and 32k, who have one child looking to buy a house 170k with a 20k deposit.

Barclays Bank took the top spot this week with an offer of 869.58, from last week’s offer from HSBC of £873.33 for a 63-month rate. 

Single person

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

 

The best offer remains with Skipton BS, at a rate of £587.42, the same as last week. 

 

The average of the top ten lenders drops by 0.38% to £657.819 from £660.39 last week.