Best UK mortgage deals of the week

Nationwide's new two-year fixed-rate mortgage is in the spotlight this week with a rate of 2.29%.

The mortgage comes with a £1,299 product fee and is available to both new and existing customers. It is one of the most competitive two-year fixed-rate mortgages on the market and it is likely to be popular with borrowers who want to lock in a low rate for the next two years.

To be eligible for the mortgage, borrowers will need a minimum deposit of 40%. The mortgage is available to homebuyers as well as remortgage customers.

Other mortgage deals available this week include:

• A two-year fixed-rate mortgage from Halifax at 2.39% with a £999 product fee.
• A five-year fixed-rate mortgage from Lloyds at 2.69% with a £999 product fee.
• A five-year fixed-rate mortgage from Barclays at 2.74% with a £999 product fee.

These rates are all valid as of this week, but it is important to note that mortgage rates can change at any time. It is always advisable to speak to a mortgage broker to get the best deal for your circumstances.