0.75% difference on 5 year fixed rates!

In the same email received this afternoon from our regulatory partners Intrinsic we learn that:

Newcastle Building Society are launching a 5 year fixed rate of 5.74% (80% LTV) and

Nottingham Building Society are launching a 5 year fixed rate of 4.99% (again 80% LTV), but on a "semi exclusive basis" and "the product comes with a free valuation, for both purchases and re-mortgages, and free legals for standard re-mortgages".

This just shows the differences for rates launched today!

I've just agreed a rate of 4.39% fixed for 5 years for a client on a purchase with a higher deposit.