Persona Report w/c 11/12/23

Pre-Christmas rates: this week’s best offers from top ten lenders 

As we move towards the end of the year, we’re seeing steady offers and slight changes for housebuyers across the UK.

The married couple 

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

 

2 year fixed 

Skipton keeps its top spot for the best offer of £2823.03, the same as last week and the week before.

 

The average of the top ten lenders drops 0.68% to £2971.14 from £2991.75.

 

5 year fixed 

 

Nationwide knocks HSBC from the top spot with an offer of £2935.26 from last week’s 

£2954.84.

 

The average of the top ten lenders is now at £2950.20 from £2963.87, down 0.46%. 

 

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 is still with Skipton at £3653.53.

The average of the top ten lenders is down to £3866.60 from £3884.11, down 0.45%.

 

Remortgage

Skipton is again at the top with the best offer of £3653.53.

 

The average of the top 10 lenders is down very slightly to £3862.63 from £3863.25. 

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 offer for the initial rate is with Skipton for a rate of £2824.17 for a 63-month offer, the same as last week.

 

The average of the initial open rates from the top ten lenders is down 0.19% to £2867.19 from £2872.91.

 

Skipton stays in the top spot for a two-year fixed mortgage at £3014.27. Skipton is also in the lead for the best offer of a five-year fixed-fee mortgage, offering £2824.17, the same as last week. 

 

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.

Nationwide is giving the best deal for an offer of £864.44, from last week’s offer with Barclays at 869.58.

Single person

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

 

The best offer remains with Skipton BS, at a rate of £587.42, the same as last week. 

The average of the top ten lenders is now at £654.28 from last week’s £657.819.