New mortgage rates announced with best buy for first-time buyers

UK banks and building societies have announced new mortgage rates, including a best buy rate for first-time buyers. NatWest is offering a market-beating fixed rate of 4.68% for five years to new customers with a 10% deposit. The next-best rate is Virgin Money's 4.76% rate. NatWest is also launching a best-buy two-year fix for those buying a home with a 25% deposit, at 4.44% with a £1,495 fee. For new customers remortgaging with 40% equity or more, NatWest will offer a best-buy two-year fix at 4.34% with a £1,495 fee. Most major lenders have reduced mortgage rates in recent weeks. Santander and Leeds Building Society are also set to reduce some of their rates. 

Daily Mail (13/08/2024)   Evening Standard (13/08/2024)