Elsewhere, rates for first-time buyers looking for a standard two-year fix up to 90% loan-to-value currently start at only 1

Elsewhere, rates for first-time buyers looking for a standard two-year fix up to 90% loan-to-value currently start at only 1

At the time of writing, the Habito One rates without early repayment charges start at 2.99% (for a 15-year term where someone is borrowing 60% of the property’s value), rising to 5.6% (for a 40-year term where the applicant is borrowing 90%). The rates with early repayment charges – the tie-in period is 10 years – are slightly lower: from 2.79% to 5.4%.

Perenna, meanwhile, plans to launch its fixed-for-life mortgages in the second half of this year, and says it will be letting homebuyers borrow up to six times their income.

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