Weekly Mortgage Roundup | Top UK Products
Every week we highlight the most attractive mortgage products currently available in the UK, comparing rates, features, and terms across major lenders.
Representative Example
Loan amount: £200,000 over 25 years.
- Initial rate: 4.70% fixed for 62 months
- Reversion rate: 7.34% variable for the remaining term
- Monthly payments: 62 × £1,134.49 and 238 × £1,401.17
- Total payable: £404,946.84 (includes £203,817 interest, £0 valuation fees, £995 product fee)
- Overall comparison rate: 6.4% APRC representative
Recent Rate Changes
First-time buyers with a 10% deposit saw some relief this week as the lowest two-year fixed rate for loans up to 90% LTV decreased following adjustments from NatWest, NatWest International Solutions, and the Royal Bank of Scotland (RBS).
Available Offers
- Each lender provides two options with a £995 arrangement fee and free property valuation.
- One offer per lender includes a £250 cashback incentive, helping to offset initial home-buying costs.
Eligibility and Access
- NatWest deals: available directly to borrowers in Great Britain and Northern Ireland.
- NatWest International Solutions: accessible via intermediaries.
- RBS offers: open to applicants in Great Britain, the Isle of Man, and the Channel Islands.
Alternative No-Fee Options
The same lenders also feature two-year fixed-rate deals at 4.44% with no product fees. These mirror the conditions and benefits of the fee-based options.
“Encouragingly for first-time buyers with a 10% deposit, the lowest two-year fixed rate on deals that can finance up to 90% LTV dropped this week after NatWest, NatWest Int Sols and Royal Bank of Scotland (RBS) made reductions.”
Author’s summary: This week’s UK mortgage roundup shows lower fixed rates for first-time buyers, with cash incentives and no-fee deals adding to market competitiveness.