Home » Telegraph Takes a Look at Top Mortgage Deals
The Daily Telegraph newspaper examined a number of good new mortgage deals on the market this week, along with verdicts from financial experts Moneyfacts and Moneynet. Here are two of the best mortgages featured: 1) Melton Mowbray Building Society is offering a variable rate mortgage deal with a two-year discounted rate of just 4.95 per cent. This represents a 0.04 per cent discount on normal rates, but is available to first-time buyers, the Telegraph reported. With 95 per cent loan-to-value (LTV) and a ££598 fee, mortgage-seekers can also borrow under an offset option. The verdict from Moneyfacts was positive, with a spokesman telling the paper that “this is the only two-year discounted variable rate in the market at 95pc LTV.” With a combination of a low rate and a reasonable fee, first-time buyers will find this deal very attractive and the offset option will allow borrowers to reduce the outstanding balance further.” 2) The Nationwide Building Society recently cut the interest rate on its five-year fixed-rate mortgage to 4.39 per cent a significant 0.1 per cent cut. The mortgage has 85 per cent LTV and for first-time buyers able to afford the deposit is an especially good deal due to its low fixed-rate. Although it is not the cheapest five-year fixed-rate deal on the market, being pipped to the post by the Yorkshire Building Society, with its nigh-on unbeatable 4.29 per cent loan, plus a £495 arrangement fee, it still gathered plaudits from Moneynet’s Andrew Hagger. He told The Telegraph: “The Nationwide mortgage is an excellent rate for those with a small deposit. It’s good news for customers that the bigger lenders in the mortgage market are now competing for higher loan-to-value business a big change from this time last year, when all the focus was on deposits of 25pc and more.”
Published on 25 March 2020
SHARE
About the author:
The Mortgage Broker
The Mortgage Broker is an award-winning UK mortgage and protection specialist with decades of experience helping thousands of customers secure suitable and affordable mortgage solutions. Regulated by the Financial Conduct Authority, all advisers are minimum CeMAP-qualified and known for delivering clear, transparent, and expert guidance whether helping first-time buyers, home movers, remortgage clients or those with complex or adverse-credit needs. Recognised as a finalist at the Mortgage Strategy Awards 2025, The Mortgage Broker combines digital speed with human trust, offering access to over 130 lenders and more than 25,000 products. The company’s app, secure client portal and easy-to-use tools make it simple for customers to compare rates, track progress, and stay informed from start to finish.
With more than 2,500 verified five-star Trustpilot reviews, clients consistently praise the firm’s professionalism, value for money, and personal service. Reviews highlight the team’s ability to explain complex mortgage and protection topics in plain English, providing support throughout the entire journey. The company’s reputation for knowledge, empathy, and reliability has made it one of the UK’s most trusted brokers, delivering advice that is honest, transparent, and tailored to each individual’s financial goals.
Every part of The Mortgage Broker’s service reflects Google’s E-E-A-T principles: Experience, Expertise, Authoritativeness, and Trustworthiness. Its team has decades of hands-on industry knowledge, proven technical expertise, and national recognition supported by awards, media features, and verified customer feedback. As an FCA-regulated firm with a 5-star reputation, The Mortgage Broker stands for no-nonsense advice, common-sense lending, and exceptional customer outcomes — setting the standard for trusted mortgage advice across the UK.
Held on 18 June 2026 at The Cambridge Belfry, Cambourne, Cambridge. Written By Sam Kirtikar At The Mortgage Broker our mortgage & protection advisers support customers across the UK, from the South Coast to Scotland. That national reach is a real strength but it also comes with its challenges. Remote and hybrid working is now … Continue reading “Another Fantastic Event: TMB Summer Event 2026”
Written by Fiona Simpson, Mortgage Adviser, The Mortgage Broker, Edinburgh The Scottish Government’s new First Homes Fund is now LIVE. It gives eligible first-time buyers in Scotland access to a shared equity contribution of up to £10,000 towards buying a home worth up to £300,000. This scheme will be searched by many people as the … Continue reading “Scottish First Homes Fund: What First-Time Buyers Need to Know”
Written by Jodi Spreadbury, Senior Mortgage and Protection Broker, The Mortgage Broker Low deposit mortgage schemes are getting a lot of attention, and his week (May 18th 2026) Halifax have launched their own low deposit mortgage scheme for First Time Buyers (FTB), requiring a minimum deposit of just £5,000 with a 5 year fixed rate … Continue reading “Low Deposit Mortgage Schemes: Can You Buy With 5% or £5,000 Deposit?”
View all posts by The Mortgage Broker 
