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UK mortgage price war hots up with 0.94% fixed-rate deal

Previously, the cheapest deal on the market was a two-year fixed-rate at 0.95% from Platform, part of Co-operative Bank. It has a £1,499 fee and is available only via mortgage brokers. The mortgages are available only to borrowers with at least a 40% deposit. Those with less equity will pay higher rates. HSBC has a five-year fixed rate of 1.29% for those borrowing up to 75% loan-to-value (LTV), while those borrowing 95% of the cost of their home can fix for two years at 3.39%. Remortgagors at ...
United Kingdom Ashley Thomas Magni Finance Clearpoint Finance ஒன்றுபட்டது கிஂக்டம் ஆஷ்லே தாமஸ்

Record low rates hit mortgage market (but beware the hefty fees)

TSB last week launched a similar deal, offering remortgaging homeowners the chance to borrow up to £1 million and get £300 cashback too. The lowest rate available last month was 0.99 per cent from TSB. Rob Gill, managing director at Altura Mortgage Finance, says: ‘The bun fight among lenders for low loan-to-value mortgages continues with this latest salvo from HSBC. ‘Great news for borrowers with high deposits or levels of equity, especially for well-prepared remortgage borrowers who have...
Rob Gill Hudson Rose Graham Taylor Rachel Springall Ashley Thomas Altura Mortgage Finance

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