Welcome to July’s Market Update…..
This month we reflect on another base rate hold and welcome a host of new colleagues to the team.
If you have any questions, or would like to see anything specific in future editions of these updates, please don’t hesitate to get in touch.
Scroll on…..
Following our recent office move and the opening of our Edinburgh West End office, we are entering a significant period of expansion, marked by new team members, internal promotions, and enhanced career development opportunities across all departments.
A message from Louise French, HR Manager:
“We are delighted to celebrate those starting a new chapter with us across various departments within the business. From those joining the business to those stepping into a new role, we are committed to supporting the continuous growth and development of our team. We are excited to support our team on their individual journeys and thank them for their own commitment to personal development. We are proud of the talent we have within our team and look forward to playing a role in further development.”
Together, we are building a stronger future for Mortgage Advice Bureau and our clients.
Below we have listed the top five rates available across a range of LTVs. Please let us know if you need any additional information. NB; Danske dont lend in Scotland.
| 95% | 90% | 85% | 80% |
|---|---|---|---|
|
4.85% - Monmouthshire BS
4.85% - Nationwide BS
4.87% - Halifax
4.99% - Leek BS
5.00% - Santander
|
4.33% - HSBC
4.34% - Virgin
4.36% - Virgin
4.38% - Barclays
4.39% - Barclays
|
4.04% - Barclays
4.12% - HSBC
4.14% - Barclays
4.15% - Natwest
4.15% - Virgin
|
4.04% - Barclays
4.12% - Halifax
4.12% - HSBC
4.14% - Barclays
4.14% - Bank or Ireland
|
| 75% | 70% | 65% | 60% |
|---|---|---|---|
|
4.00% - Natwest
4.02% - Halifax
4.03% - Santander
4.03% - HSBC
4.03% - Principality BS
|
4.00% - Natwest
4.02% - Halifax
4.03% - Santander
4.03% - HSBC
4.03% - Principality BS
|
3.95% - Coventry BS
4.00% - Natwest
4.02% - Halifax
4.03% - Santander
4.03% - HSBC
|
3.75% - Danske
3.84% - Halifax
3.88% - Barclays
3.89% - Barclays
3.89% - HSBC
|
| 95% | 90% | 85% | 80% |
|---|---|---|---|
|
4.75% - Monmouthshire BS
4.78% - Santander
4.79% - Nationwide
4.83% - Nationwide
4.83% - Halifax
|
4.28% - Barclays
4.33% - Barclays
4.34% - HSBC
4.36% - Virgin
4.38% - Barclays
|
4.11% - Barclays
4.14% - HSBC 4.20% - Natwest 4.21% - Barclays 4.24% - Virgin |
4.11% - Barclays
4.14% - HSBC 4.20% - Natwest 4.21% - Barclays 4.22% - Halifax |
| 75% | 70% | 65% | 60% |
|---|---|---|---|
|
4.02% - Barclays
4.08% - Natwest
4.11% - Barclays
4.12% - Barclays
4.13% - HSBC
|
4.02% - Barclays
4.08% - Natwest
4.11% - Barclays
4.12% - Barclays
4.13% - HSBC
|
4.02% - Barclays
4.08% - Coventry BS
4.08% - Natwest
4.11% - Barclays
4.13% - HSBC
|
3.89% - Barclays
3.95% - Danske
3.96% - Natwest
3.98% - Barclays
3.98% - HSBC
|
Rate Reducer from Own New is designed to make it more cost effective to buy a new build home by helping homebuyers access mortgage rates that are lower than traditional ones.
This scheme is open to first-time buyers and those planning to move home. The tables below, provide current rates available via this scheme.
| Darlington | Furness | Kensington | Leek | Perenna | Virgin | ||
|---|---|---|---|---|---|---|---|
|
95% Rate
|
4.19%
(Based on 5% Incentive. 5yr term) |
2.75%
(Based on 5% incentive. 2yr. £250 cashback) |
N/A
|
2.77%
(Based on 5% Incentive. 2yr term) |
N/A
|
N/A
|
|
| Darlington | Furness | Kensington | Leek | Perenna | Virgin | ||
|---|---|---|---|---|---|---|---|
|
90% Rate
|
N/A
|
1.85%
(Based on 5% Incentive. 2y term) |
4.13%
(Based on 5% Incentive. 2y term) |
N/A
|
5.63%
(Based on 5% Incentive. 30yr term. £1999 fee) |
1.93%
(Based on 5% Incentive. 2y term. £995 fee. £250 cashback) |
|
| Darlington | Furness | Kensington | Leek | Perenna | Virgin | ||
|---|---|---|---|---|---|---|---|
|
80% Rate
|
N/A
|
1.19%
(Based on 5% Incentive. 2y term) |
3.20%
(Based on 5% Incentive. 2y term) |
N/A
|
5.28%
(Based on 5% Incentive. 30yr term. £1999 fee) |
1.58%
(Based on 5% Incentive. 2y term. £995 fee. £250 cashback) |
|
| Darlington | Furness | Kensington | Leek | Perenna | Virgin | ||
|---|---|---|---|---|---|---|---|
|
75% Rate
|
N/A
|
N/A
|
2.95%
(Based on 3% Incentive. 2y term) |
N/A
|
5.15%
(Based on 5% Incentive. 30yr term. £1999 product fee) |
1.05%
(Based on 5% Incentive. 2y term. £995 product fee. £250 cashback) |
|
| Darlington | Furness | Kensington | Leek | Perenna | Virgin | ||
|---|---|---|---|---|---|---|---|
|
60% Rate
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
0.50%
(Based on 5% Incentive. 2y term. £995 product fee. £250 cashback) |
|
Launched on the 26th June, Nationwide have increased the maximum LTV available on a new build house to 95%, including First Time Buyers
Up to six times income and 95% LTV on new build houses via Helping Hand scheme.
Maximum LTV on new build flats to be increased to 85% LTV
Mortgage offers on new builds extended to nine months
Find out more…get in touch for details.
The annual rate of house price growth slowed to 2.1% in June, Nationwide’s latest house price index reveals. The latest figures show that house prices were down 0.8% month on month.
Link opens a third party website
Data released by the Bank of Englans shows that mortgage approvals for house purchases increased by 2,4000 to 63,000 in May – the first increase since December 2024.
Link opens a third party website
We’re thrilled to have been named Best Strategic Partner at the Legal & General Mortgage Club Awards 2025. 🏆
This award is a testament to the values we champion at MAB, and to our ongoing commitment across the mortgage industry.
We’ve Been Spoiled!
“To the team we have conversed with….Rob, Freya, Erin & Jack….deepest thanks go to you!”
As first time buyers, we have slight experience with a previous broker and were disheartened by the whole process. But the team at MAB really excelled, answering our questions about the process, and the overall communication between us was fluid.
They persisted in getting things done on time and chased up any hold up. We have truly been spoiled in having such a great team. We thank them so much!
– Shaun L
Well done to Amanda, our Employee of the Month!
Amanda has had an outstanding month, not only has she smashed her targets with hard work and determination, but she’s also shown great initiative by positioning early with her clients and consistently following up.
Her efforts have placed her in the MAB UK Top 10 for submitted mortgages in April, and she’s on track for a fantastic quarter. Amanda truly embodies our client first approach, and we’re proud to recognise her as our well-deserved winner this month.
Keep up the amazing work, Amanda!
The information pertained in here is not intended for public consumption, it has been prepared for the partners and friends of Mortgage Advice Bureau. Please do not share with consumers or buyers. Thank you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
In some instances, there may be a fee for mortgage advice. We will not charge a fee to those purchasing a new build home who contact us via the details provided. Other branches of Mortgage Advice Bureau may charge a fee. The actual amount you pay to them will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Image courtesy of MindAndI