The current top six lenders two of them being in joint 2nd place. These lenders are offering excellent mortgage deals and a quality customer service package.
1 Nationwide 79%
2 Principality Building Society 76%
2 Coventry Building Society 76%
3 Skipton Building Society 74%
4 Metro Bank 73%
5 First Direct 72%
There are lenders that were rated as offering a less than perfect service or a mortgage rate that was higher than the market average. Kensington received the lowest rating of any lender for value for money, scoring just two stars. In September 2019 the average rate of a two-year fixed deal from Kensington was 3.74%, compared to the industry average of 2.77%.
The average rate of a two-year fixed mortgage from Aldermore was also relatively high, at 4.39%. Lets put this in context having dealt with both lenders from a mortgage broker perspective, you do spend longer engaging with them on the phone or via email etc. This is because they are very busy, demand for these type of products is on the increase.
Clients have said to me their rates are higher my friend is paying 2% less on their mortgage interest rate. I have replied your friend has totally different financial circumstances and needs that’s why. If your income is unusual or you have a low credit score than you may need a bespoke mortgage product from a specialised lender. They will be comfortable taking the extra risk.
If you like a free chat about your circumstances and a professional recommendation on the best mortgage for you call
Paul on 01902 213201