Lenders increase best buy mortgage rates

by Aaron Strutt

Nov 24 2011

Mortgage lenders have increased the price of their fixed rate mortgages over the last few days. NatWest has raised their 60% loan-to-value two-year fixed rate from 2.65% to 2.85% and Accord Mortgages hiked many of their two and three-year fixes by up to 0.4%.

Aaron Strutt, a broker at Trinity Financial, says: “The cost of short term fixes has been getting more expensive and two-year fixes are generally higher than they were. The Skipton Building Society offers one of the lowest fixes at 2.58% for two-years. The lender asks for a 40% deposit and there is a £1,995 arrangement fee. Nationwide Building Society also has a three-year fixed rate at 3.04% and it is available to borrowers with a 30% deposit. There is a £999 arrangement fee”.

Leeds Building Society has lowered its ten-year fix from 5.99% to 4.99% and it is available to borrowers with a 20% deposit. The arrangement fee is £999.

24 November 2011