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Wales Online
Wales Online
Ryan O'Neill

The best fixed mortgage deals you can get right now according to MoneySavingExpert

Many have been left worried about what the future holds for mortgages after yet another rise in interest rates. On Thursday the Bank of England raised its base rate by half a percentage point to 5% – its highest for 15 years and the 13th consecutive increase.

The bank has been hiking rates in a bid to tackle high inflation and the cost of living crisis. CPI inflation was 8.7% in May and is far higher than the government's target figure of 2% and many are struggling to afford their energy bills and basic costs.

The latest increase has also plunged mortgages into further uncertainty with experts now warning some people in Wales could see their monthly repayments increased by hundreds of pounds if their cheaper deals are coming to an end. The grim predictions are leading to offers regularly disappearing from the market causing more stress for homeowners and would-be buyers. You can read what experts said here.

Read more:Lloyds, Barclays, Halifax, HSBC: All the variable mortgage rates right now as interest rates to rise for 13th time

With rates changing so much, it can be hard to know what the best deals actually are right now. Using MoneySavingExpert's (MSE) Mortgage Best Buys online tool – which you can use here – we've rounded up the best fixed deals as of 2.30pm on Thursday, June 22, for different mortgage types. The figures given are for 25-year fixed mortgages.

Best rates on 60% mortgages

Two-year fixes

Monmouthshire Building Society

Initial rate: 4.69%

Monthly payment: £408

Set up fees: £1,360

MSE total cost: £5,576

APRC: 7.4%

Monmouthshire Building Society

Initial rate: 4.9%

Monthly payment: £417

Set up fees: £1,360

MSE total cost: £5,681

APRC: 7.4%

Leeds Building Society

Initial rate: 5.29%

Monthly payment: £433

Set up fees: £35

MSE total cost: £5,298

APRC: 7.4%

Furness Building Society

Initial rate: 5.29%

Monthly payment: £433

Set up fees: £1,019

MSE total cost: £5,642

APRC: 7.5%

Five-year fixes:

Monmouthshire Building Society

Initial rate: 4.39%

Monthly payment: £396

Set up fees: £1,360

MSE total cost: £5,021

APRC: 6.5%

Leeds Building Society

Initial rate: 4.85%

Monthly payment: £415

Set up fees: £35

MSE total cost: £5,020

APRC: 6.8%

HSBC

Initial rate: 4.89%

Monthly payment: £416

Set up fees: £1,016

MSE total cost: £5,192

APRC: 6.4%

Leeds Building Society

Initial rate: 4.92%

Monthly payment: £418

Set up fees: £35

MSE total cost: £5,055

APRC: 6.8%

10-year fixes:

Nationwide

Initial rate: 4.94%

Monthly payment: £418

Set up fees: £999

MSE total cost: £5,071

APRC: 6.1%

Halifax

Initial rate: 4.94%

Monthly payment: £418

Set up fees: £1,099

MSE total cost: £5,104

APRC: 6.0%

Halifax

Initial rate: 4.94%

Monthly payment: £418

Set up fees: £1,099

MSE total cost: £5,104

APRC: 6.1%

Halifax

Initial rate: 5.03%

Monthly payment: £422

Set up fees: £100

MSE total cost: £5,051

APRC: 6.0%

Best rates on 75% mortgages

Two-year fixes:

Monmouthshire Building Society

Initial rate: 4.90%

Monthly payment: £521

Set up fees: £1,360

MSE total cost: £6,931

APRC: 7.4%

Natwest

Initial rate: 5.26%

Monthly payment: £540

Set up fees: £1,025

MSE total cost: £6,917

APRC: 7.3%

Royal Bank of Scotland

Initial rate: 5.26%

Monthly payment: £540

Set up fees: £1,025

MSE total cost: £6,917

APRC: 7.3%

Five-year fixes:

Leeds Building Society

Initial rate: 4.85%

Monthly payment: £518

Set up fees: £35

MSE total cost: £6,263

APRC: 6.7%

HSBC

Initial rate: 4.89%

Monthly payment: £520

Set up fees: £1,016

MSE total cost: £6,441

APRC: 6.3%

Leeds Building Society

Initial rate: 4.92%

Monthly payment: £522

Set up fees: £35

MSE total cost: £6,307

APRC: 6.8%

10-year fixes:

Nationwide

Initial rate: 4.94%

Monthly payment: £523

Set up fees: £999

MSE total cost: £6,326

APRC: 6.1%

Halifax

Initial rate: 4.94%

Monthly payment: £523

Set up fees: £1,099

MSE total cost: £6,359

APRC: 6.0%

Halifax

Initial rate: 4.94%

Monthly payment: £523

Set up fees: £1,099

MSE total cost: £6,359

APRC: 6.1%

Best rates on 90% mortgages

Two-year fixes:

Monmouthshire Building Society

Initial rate: 4.90%

Monthly payment: £625

Set up fees: £1,360

MSE total cost: £8,181

APRC: 7.3%

HSBC

Initial rate: 5.49%

Monthly payment: £663

Set up fees: £1,016

MSE total cost: £8,420

APRC: 7.0%

Leeds Building Society

Initial rate: 4.90%

Monthly payment: £521

Set up fees: £1,360

MSE total cost: £6,931

APRC: 7.4%

Five-year fixes:

Monmouthshire Building Society

Initial rate: 5.0%

Monthly payment: £631

Set up fees: £1,360

MSE total cost: £7,848

APRC: 6.7%

HSBC

Initial rate: 5.07%

Monthly payment: £636

Set up fees: £1,016

MSE total cost: £7,826

APRC: 6.4%

HSBC

Initial rate: 5.18%

Monthly payment: £643

Set up fees: £17

MSE total cost: £7,716

APRC: 6.4%

10-year fixes:

Nationwide

Initial rate: 5.44%

Monthly payment: £659

Set up fees: £999

MSE total cost: £7,962

APRC: 6.4%

Nationwide

Initial rate: 5.59%

Monthly payment: £669

Set up fees: £0

MSE total cost: £7,978

APRC: 6.5%

Yorkshire Building Society

Initial rate: 5.99%

Monthly payment: £695

Set up fees: £0

MSE total cost: £8,342

APRC: 6.7%

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