Persona Report W/C 4.3.24
Twenty7tec brings you this week’s best offers across the mortgage market
This week’s data shows the best rates for persona across the UK; Skipton BS remains on top for the best remortgage rate for another week running, and Barclays Bank emerges in the lead for 2-year and 5-year fixed rates for married couples.
AIB takes the top spot for the best rates for both a couple in their twenties and a singleton looking for mortgages. Find out more below.
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
The best deal on the market this week for a 2-year fixed mortgage is Barclays’ rate of £2932.42 for the second week in a row.
The average of the top ten lenders this week sits at £2953.41, up 0.04% from last week’s average of £2952.20.
5 year fixed
Barclays also takes the lead for a 5-year fixed mortgage, with an offer of £2899.13, taking the top spot from Nationwide BS’s offer last week of £2897.89.
£2911.09 is the average for the top ten lenders this week, a small increase of 0.14% from last week’s average of £2906.78.
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 retains the top spot again, with the same offer as last week of £3801.20.
The average of the top ten lenders for a mortgage for London professionals this week is £3830.69, an increase of 0.19% from last week’s average of £3823.28.
Remortgage
If you’re a London professional looking to remortgage, the best deal on the market this week comes from Skipton BS at a rate of £3581.17, continuing Skipton’s leading streak for another week.
This week’s average among the top ten lenders is £3761.77, up 0.18% from last week’s average of £3754.86.
First-time buyers
An unmarried couple, aged 29 and 28, with no children, are buying a £525k house with a £50k deposit from the BOMAD, 25-year term, LTV 90.48%. One earns £85k, the other earns £57k
Halifax tops the rankings again this week with the best deal for a 63-month fixed-rate mortgage, offering a new rate of £2782.64.
The average of mortgage rates for first-time buyers this week rises by 0.80% to £2795.53 from £2773.07 last week.
For first-time buyers’ two-year fixed rate mortgage, the best offer on the market this week is also from Halifax, but yet again with a new rate of £2838.39.
Last week’s average of £2866.94 increased by 0.62% to £2884.80 across the mortgage lenders for two-year fixed rates for first-time buyers.
For a five-year fixed rate mortgage, the best choice this week is Halifax’s offer of £2782.64, as they claim the top spot across the board.
With an increase of 0.82%, the average of the top ten mortgage lenders for a five-year fixed rate mortgage this week sits at £2795.93, up from last week’s average of £2773.07.
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 for £170k with a £20k deposit.
This week, the best deal on the market for a couple in their twenties looking for a mortgage stays with AIB for the second week in a row with its offer of £834.60.
The average of the top ten lenders for a couple in their twenties is £843.60 this week, a slight increase of 0.09% from last week’s average of £842.80.
Single person
Single person with no children after a £190k home with a £60k deposit.
Are you a singleton looking for the best deal on the mortgage market this week? If so, the best offer comes from AIB for the third week, with its untopped rate of £634.96.
£643.494 is the average of the top ten lenders’ rates this week, also seeing an increase of 0.09% from last week’s average of £642.89.
