The Daily Telegraph has highlighted this week some of the best mortgage deals to be found in different sectors of the mortgage market. Whether you are looking for buy-to-let mortgages or a remortgage deal, these examples show that there are good offers out there for you. For Britons seeking a buy-to-let mortgage, the Coventry Building Society is offering a range of loans. While all require a deposit of at least 35 per cent, the interest rates are highly competitive, ranging from 3.75 per cent to 4.25 per cent. These mortgages are particularly good value, however, because of the low arrangement fees. For homeowners seeking to remortgage, banking giant HSBC is offering a two-year tracker mortgage with an interest rate of just 2.69 per cent at present, based upon the Bank of England’s historically low base rate of 0.5 per cent plus 2.19 percentage points. This could go up in the future as the base rate changes, but at the moment it represents excellent value especially when you consider it has no arrangement fee or early repayment charges. There is also good news for investors as well as mortgage-seekers. The Leeds Building Society now has a one-year fixed-rate bond which pays a 3.25 per cent rate of interest at least £100 needs to be deposited to open the bond, but up to £10,000 can be invested. The flexibility of this deal is what makes it so appealing savers can access up to a quarter of their investment without penalty. Cahoot is also offering a one-year fixed-rate bond at 3.65 per cent interest, although a minimum deposit of £25,000 is required.
Top Deals on Mortgages and Bonds
Published on 10 March 2020
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