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Published on : May 17, 2018 10:49

Mortgages-rates


Latest Mortgage Deals and Rates | May 2018

Keep up to date with the latest Mortage deals and rates. These latest rates show a mixed bag with the majority of the rates improving by at least 0.1%. Tracker rates have improved while fixed rates have on the main increased. This confirms that lenders feel there may be a further rise in interest rates going forward. If you need more information on whether or not now would be the best time to remortgage please contact our mortgage team on 0161 443 4548, or click here to book an appointment online.


Please note these rates are based on the cheapest monthly payments available. Rates in GREEN have reduced by at least 0.1%. Rates in RED have increased by at least 0.1%


Long-Term Fixed Rates

Deposit Required 5 Yr Fix 10 Yr Fix
10% 2.35% 3.25%
20% 2.04% 2.79%
30% 1.91% 2.65%
40% 1.83% 2.54%

Purchasing

Deposit Required Fixed Term Tracker Term Discount Term
5% 2.89% 2 yrs 3.64% 2 yrs 2.99% 2 yrs
10% 1.84% 2 yrs 1.79% 2 yrs 1.64% 2 yrs
20% 1.54% 2 yrs 1.39% 2 yrs 1.64% 2 yrs
30% 1.44% 2 yrs 1.29% 2 yrs 1.39% 2 yrs
40% 1.39% 2 yrs 1.19% 2 yrs 0.97% 2 yrs

Remortgage (Including Free Legal Fees & Valuation)

Deposit Required Fixed Term Tracker Term Discount Term
10% 1.84% 2 yrs 1.79% 2 yrs 1.99% 2 yrs
15% 1.54% 2 yrs 1.39% 2 yrs 1.40% 2 yrs
20% 1.54% 2 yrs 1.39% 2 yrs 1.40% 2 yrs
30% 1.49% 2 yrs 1.29% 2 yrs 1.30% 2 yrs
40% 1.49% 2 yrs 1.19% 2 yrs 1.20% 2 yrs

Buy to Let Purchase

Deposit Required Fixed Term Tracker Term Discount Term
20% 2.99% 2 yrs 3.85% 2 yrs 2.89% 2 yrs
25% 1.75% 2 yrs 1.89% 2 yrs 2.00% 2 yrs
30% 1.71% 2 yrs 1.89% 2 yrs 1.60% 2 yrs
40% 1.37% 2 yrs 1.49% 2 yrs 1.55% 2 yrs

Buy to Let Remortgage (including free legals and valuation)

Deposit Required Fixed Term Tracker Term Discount Term
25% 1.75% 2 yrs 2.09% 2 yrs 2.55% 2 yrs
30% 1.73% 2 yrs 2.09% 2 yrs 2.00% 2 yrs
40% 1.49% 2 yrs 1.74% 2 yrs 1.80% 2 yrs
50% 1.49% 2 yrs 1.74% 2 yrs 1.80% 2 yrs

Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee of a maximum of £500 or up to 1% of the mortgage amount, if greater, may be charged depending on your circumstances. A typical fee is £399.

Openwork Limited offers insurance and investment advice on products from a limited number of product providers and advice on mortgages representative of the whole market.