Stay in the know as the mortgage landscape undergoes exciting changes! Here’s the latest scoop on adjustments to mortgage rates from some major players:
Halifax Mortgage Rates- November 15th, 2023
Halifax is taking a proactive approach by reducing fixed rates across the board. This move is designed to make homeownership more accessible and affordable for a wide range of customers. Read more
Virgin Mortgage Rates - November 14th, 2023
Virgin Money is stepping up its game with the launch of new products and selected reductions. The introduction of 7 Day Special Exclusives adds a sense of urgency for potential homebuyers to explore these offerings. Read more
Coventry Mortgage Rates - Ongoing
Coventry continues to be a dynamic player in the mortgage market. Their recent reductions in 2 & 3 year fixed rates and the introduction of new products for first-time buyers show a commitment to meeting the diverse needs of their customers. Read more
Skipton Mortgage Rates - November 8th, 2023
Skipton is making strategic changes, primarily focusing on rate increases for select Residential 2-year fixed rates. Understanding these adjustments is crucial for those considering Skipton for their mortgage needs.
- Rate increases on their Residential 2 year fixed rates at 85% and 90% LTV.
- Rate increases on their Residential 5 year fixed no fee products.
HSBC Mortgage Rates - November 8th, 2023
HSBC’s changes in residential and Buy to Let mortgage product ranges, including the reintroduction of the 3 Year Fixed Fee Saver, signify an effort to align their offerings with the evolving preferences of homebuyers. Read more here
TSB Mortgage Rates - November 8th, 2023
TSB’s reduction in Buy to Let Fixed Rate products and the introduction of a competitive new Residential 2 Year Fixed Rate demonstrate a strategic move to cater to the distinct needs of both property investors and homebuyers. Read more
Natwest Mortgage Rates - November 8th, 2023
Natwest’s comprehensive rate reductions across various customer segments underscore their commitment to providing competitive and accessible mortgage options for a broad audience.
New Business Rate Changes include:
- Purchase: Rate reduction of up to 34ps and 27bps on selected 2 and 5 year deals.
- Remortgage: Rate reduction of up to 57ps and 32bps on selected 2 and 5 year deals.
- First time buyer: Rate reduction of up to 34ps and 27bps on selected 2 and 5 year deals.
- Shared equity – purchase: Rate reduction of up to 32ps and 24bps on selected 2 and 5 year deals.
- Help to Buy shared equity – remortgage: Rate reduction of up to 57ps and 32bps on selected 2 and 5 year deals.
- Buy to Let – purchase: Rate reduction of up to 35bps and 31bps on selected 2 and 5 year deals.
- Buy to Let – remortgage: Rate reduction of up to 34ps and 40bps on selected 2 and 5 year deals.
- Green – purchase: Rate reduction of up to 34bps and 26bps on selected 2 and 5 year deals.
- Green – remortgage: Rate reduction of up to 43ps and 32bps on selected 2 and 5 year deals.
- Buy to Let green – purchase: Rate reduction of up to 24bps and 26bps on selected 2 and 5 year deals.
- Buy to let green – remortgage: Rate reduction of up to 24ps and 38bps on selected 2 and 5 year deals.
Nationwide Mortgage Rates - November 9th 2023
Nationwide’s rate reductions across different product ranges, including New Business, Switcher, Additional Borrowing, and Existing Customers Moving Home, aim to create a more favorable environment for a diverse range of homeowners. Read more
Bank of Ireland Mortgage Rates - November 13th 2023
Bank of Ireland’s improvement in Residential rates positions them as a more attractive option for potential homebuyers, especially with the ongoing changes in the mortgage landscape. [Read more]
West Brom Mortgage Rates - November 14th 2023
West Brom’s decision to reduce rates and introduce new deals for Residential Purchase and Remortgage demonstrates a commitment to providing a variety of options for homeowners.
The top new business deals include:
5.14% fixed until 31/03/2029
Up to 75% LTV
£0 Completion fee
No Cashback
5.19% fixed until 31/03/2029
Up to 85% LTV
£999 Completion fee
No Cashback
5.54% fixed until 31/03/2027
Up to 90% LTV
£999 Completion fee
No Cashback
5.54% fixed until 31/03/2027
Up to 85% LTV
£0 Completion fee
No Cashback
Read more
Barclays Mortgage Rates - November 17th 2023
Barclays’ continuous efforts to reduce rates, especially with a focus on Residential Purchase and Reward ranges, indicate their responsiveness to market conditions and dedication to providing competitive offerings. Read more
Digital Mortgage Rates - November 17th 2023
Digital’s recent rate reductions on Prime and Near Prime products, along with adjustments to fixed period end dates, showcase their adaptability and commitment to offering competitive rates across different customer segments.
The highlights:
- 2 Year rates reduced by up to 0.15%
- 3 Year rates reduced by 0.10%
- 5 Year rates reduced by up to 0.15%
And they are reducing rates on all Near Prime purchase and remortgage products:
- 2 Year rates reduced by 0.10%
- 5 Year rates reduced by 0.10%
Clydesdale Mortgage Rates - November 17th 2023
Clydesdale Bank’s move to reduce selected products and launch new fixed rates further enriches the market, providing customers with more choices and potentially better deals. Read more here
Coventry Mortgage Rates - Ongoing
Here’s what’s changing at Coventry:
- Residential: Reducing all Fixed Purchase rates
- Reducing all 2 Year Fee Remortgage rates at 80% & 85% LTV
- Reducing all 2 Year Fixed No Fee Remortgage rates
- Reducing all 3 Year Remortgage rates
- Reducing all 5 Year Fee Remortgage rates
- Reducing all 5 Year No Fee Remortgage rates, excluding rates at 65% & 80% LTV. Read more
Stay tuned for these changes, and if you’re considering a mortgage or looking to refinance, now might be the perfect time to explore these exciting rate updates from trusted lenders.
Remember, the mortgage market is dynamic, so it’s always a good idea to consult with a mortgage advisor to find the best deal that suits your needs.
To find out more about the different types of Mortgages available you read our blog “Understanding the Different Types of Mortgage: Which 1 is Right for You?”
Stay Ahead of the Curve:
Monitor Mortgage Rate Change
Stay informed about the latest changes in mortgage rates with our dedicated page. Ready to make smart decisions amidst rate fluctuations? Book an appointment with our experienced advisors for personalised guidance on securing your financial future.
We take your privacy seriously, read our privacy policy here.
To find out How Much you can borrow, take our FREE quiz.
* Your home may be repossessed if you do not keep up repayments on your mortgage. * Your property may be repossessed if you do not keep up repayments on your mortgage. * You may have to pay an early repayment charge to your existing lender if you remortgage.
MDJ Mortgages is an appointed representative of Stonebridge which is a trading style of Stonebridge Mortgage Solutions Limited, which is authorised and regulated by the Financial Conduct Authority. Registered Office: Stonebridge Mortgage Solutions Limited, 9 Lords Court, Basildon, Essex, SS13 1SS. Registered in England and Wales. Registered Number 5601592. Registered address: 28 The Topiary, Lychpit, Basingstoke, Hampshire, RG24 8YX.