Latest mortgage rates update from Uswitchas of December 27, 2023, shows a marginal decline in some fixed-rate mortgages.
For a two-year fixed rate mortgage at 75% loan-to-value (LTV), the average rate among the big six lenders is 5.16%, showing a slight decrease of 0.015% from last week and 0.17% from last month. The 5-year fixed-rate mortgage with the same maximum remained unchanged from last week but is down 0.03% since last month, to 4.81%.
There are no changes to interest rates on two-year variable-rate mortgages and two-year fixed-rate mortgages with 90% APR, which are 5.74% and 5.79%, respectively. The standard variable rate (SVR) remains fixed at 7.5%.
When looking at average mortgage rates across all lenders, a two-year fixed rate mortgage at 75% LTV is 6.29%, which is a flat rate compared to last week but down 0.05% from last month.
The 5-year fixed-rate mortgage with the same maximum has fallen 0.08% since last week and 0.13% since last month, currently at 5.89%.
A two-year variable-rate mortgage at 75% LTV and a two-year fixed-rate mortgage at 90% LTV remain unchanged, at 5.94% and 5.89%, respectively. The SVR index saw a slight increase of 0.05% from last month, now reaching 8.74%.
In the buy-to-let sector, the average two-year fixed rate mortgage at 75% LTV is 5.99% across all lenders and 5.84% across the big six banks, both unchanged from last week but showing a 0.05% and 0.05% decline. 09%. % respectively since last month.
The lowest rates available are 3.99% from LendInvest Mortgages and 4.79% from NatWest.