Persona Report W/C 6.11.23

Our weekly persona report reveals the best offers from the top ten lenders 

 

This week we see steady and some decreasing rates from the top ten lenders for house-buyers in the UK.

The married couple 

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

 

2 year fixed 

Skipton remains in the top spot with the best offer of £2838.71, the same as last week.

 

The average is now £3040.08, down from £3043.99.

 

5 year fixed 

The best offer shifts from Halifax to Santander with a new offer of £3000.43, down 0.5% from last week’s offer of £3016.38 with Halifax.

 

The top 10 average drops 0.4% from £3023.41 to £3010.76.

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 stays with Skipton at £3676.41.

The average of the top ten lenders’ initial rates goes to £3968.51 from £3980.26.

 

Remortgage

Skipton stays at the top with the best offer of £3676.41.

The average of the top 10 lenders drops by 0.2% to £3939.63 from £3949.08.

First-time buyers

An unmarried couple, aged 29 and 28, no children, 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 initial rate is still £2838.15 with Skipton, the same rate as last week.

The average of the initial open rates from the top ten lenders is down to £2956.71 from 

£2960.50.

 

For a two-year fixed mortgage, the best rate stays with Skipton BS at £3028.70.

Skipton BS remains the best rate for a five-year fixed fee mortgage with a best rate of £2838.15.

 

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.

The best initial rate sticks with Monmouthshire BS for a 24-month deal at £873.95;  the average drops slightly to £892.80 from £896.41.

 

Single person

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

Skipton keeps at the top with the best offer at a rate of £593.39.

The average of the top ten lenders stays at £671.87.