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Weekly rate watch: Average rates on all fixes stay put


Weekly rate watch: Average rates on all fixes stay put
By
Gary Adams
16
th April 2021
12:25 pm
The average two-, three-, five- and 10-year fixed rates ended this week as they started, shows data from Moneyfacts.
The only movement was the average rate for a two-year fix nudging up from 2.55 per cent to 2.56 per cent for a brief period mid-week to settle back to 2.55 per cent on Friday – Monday’s reading.
The average three-year fix stayed at 2.69 per cent throughout, as did the average five-year fix at 2.79 per cent and average 10-year fix at 3 per cent.
Two-year fixes
There was significant movement at the 95 per cent LTV bracket this week, where the average rate fell 8 basis points to go from 4.27 per cent to 4.19 per cent. ....

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The Best Residential Mortgage Rates 12.03.21


 
The lowest two year fixed remortgage rate this week continued to be offered by both Santander and Lloyds Bank. Santander offers 1.09% (3.0% APRC) fixed until 2 June 2023 and then reverts to 3.35% variable. This deal is available to those looking for a 60% loan-to-value (LTV) deal, from a minimum amount of £350,000. It charges £1,499 in product fees and comes with the incentive of free valuation up to a maximum of £1,190 for those based in England, Wales and Northern Ireland or £95 towards valuation fees for those in Scotland, as well as no legal fees. Lloyds Bank continued to offer a rate of 1.09% (3.2% APRC) fixed until 31 May 2023, after which it reverts to 3.59% variable. This deal requires a 60% LTV and a minimum loan of £250,000. It charges £1,499 in product fees and includes the incentive of free valuation and £200 cashback for those with a Lloyds Bank current account. ....

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