Persona Report 11.3.24

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, and Barclays Bank loses the lead for 2-year and 5-year fixed rates for married couples to AIB and Nationwide BS respectively.

AIB holds onto the top spot for the best rates for both a couple in their twenties and a singleton’s looking for mortgages. Find out more below.

 

The married couple 

A married couple, aged 42 and 44, with two kids 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 AIB’s rate of £2945.22, taking the top spot back from Barclays. 

The average of the top ten lenders this week sits at £2965.61, up 0.41% from last week’s average of £2953.41.

 

5 year fixed 

Nationwide BS retakes the lead for a 5-year fixed mortgage, with an offer of £2927.26, taking the top spot from Barcaly’s offer last week of £2899.13.

£2929.19 is the average for the top ten lenders this week, an increase of 0.62% from last week’s average of £2911.09.

 

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, with an offer of £3839.53.

The average of the top ten lenders for a mortgage for London professionals this week is £3847.07, an increase of 0.43% from last week’s average of £3830.69.

 

Remortgage

If you’re a London professional looking to remortgage, the best deal on the market this week comes from Skipton BS who continue to offer at a rate of £3581.17. 

This week’s average among the top ten lenders is £3770.50, up 0.23% from last week’s average of £3761.77.

 

First-time buyers

An unmarried couple, aged 29 and 28, no kids, 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 continues to top the rankings once again this week with the best deal for a 63-month fixed-rate mortgage, with a rate of £2782.64. 

The average mortgage rate for first-time buyers this week marginally rises by 0.02% to £2796.09 from £2795.53 last week. 

For a two-year fixed rate mortgage for first-time buyers, the best offer on the market this week is also from Halifax,  with a rate of £2838.39.

Last week’s average of £2884.80 holds this week across the mortgage lenders for two-year fixed rates for first-time buyers.

The best choice for a five-year fixed rate mortgage, this week is also from Halifax, who have an offer of £2782.64.

With an increase of just 0.01%, the average of the top ten mortgage lenders for a five-year fixed rate mortgage this week sits at £2796.09, up from last week’s average of £2795.93.

 

Couple in their twenties

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

The best deal on the market this week for a couple in their twenties looking for a mortgage stays with AIB for the third week in a row with its offer of £834.60. 

The average of the top ten lenders for a couple in their twenties is £846.64 this week, a slight increase of 0.36% from last week’s average of £843.60.

 

Single person

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

The best deal for a singleton on the mortgage market remains with AIB for a fourth week in a row, with its untopped rate of £634.96.

The average of the top ten lenders’ rates this week is £646.98, seeing an increase of 0.54% from last week’s average of £643.49.