The best and average rates for housebuyers in the UK this week

The latest data from Twenty7tec has revealed what the best mortgage deals are for various buyer groups compared to last week’s data.

The married couple

A married couple, aged 42 and 44 with two kids buying a £525,000 house. £385,000 mortgage, 15-year term, LTV 73.33%, earnings of £85,000 and £57,000

Two-year fixed rate: The best price is £3022.54 - the same as last week and the week before. The average of the top five products is £3,086.78, up 0.87% compared to a week ago (£3059.82).

Five-year fixed rate: The best price remains at £2904.07, the same as the past two weeks. The average of the top five products £2982.94 - up 1.1% on a week ago (£2953.04).

The London professionals

A married couple, aged 45 and 48 with three kids. £1m house, 500,000 mortgage, 15-year term, LTV 50%, both earn £85,000.

The best initial rate is a two-year fixed rate at £3899.49 which is the same cost as the past two weeks.

The average of the top five initial rates is £3986.16 - up 0.7% on last week’s average of £3957.74.

Remortgage

The best initial rate is a two-year fix at £3799.46 which remains the same as last week but is up 1.2% on the week before (£3753.71).

The average of the top rates is still £3838.88, the same as the week before.

First-time buyers

An unmarried couple, aged 29 and 28, no kids, buying a £525,000 house with a £50,000 deposit from the Bank of Mum and Dad, 25-year term, LTV 90.48%, earnings of £85,000 and £57,000.

The best initial rate is a full-term mortgage at £2749.20, up 2.5% since last week. The next best deal is a two-year fixed rate mortgage at £2754.98 and the next best five-year fixed rate is £2782.64.

The average of the top five initial rates is £2747.30 - down 1.8% since last week's £2798.00.

James Tucker, CEO at Twentytec, said: “The data indicates a change in products for first-time buyers who are looking to get the best full-term mortgage, with a leap of 2.5%. However, for those who are open to any term, there seems to be more flexibility.

“We’re seeing the market remain relatively steady for our other two chosen personas - the London professionals and married couples, but it will be interesting to see what changes in the weeks to come.”