While the sector is moving through a period of consolidation and a number of building societies such as Dunfermline and Cheshire have been taken over, building societies still offer five out of ten of the best fixed deals at 60% LTV and seven out of ten of the best fixed rate deals at 75% LTV.
Yorkshire Building Society continues to offer a strong range, with its products accounting for 14% of all best-buy deals on the market. It currently offers the two most competitive products to borrowers looking to take out a two year fixed rate deal with a 75% LTV. Nationwide and Principality Building Societies feature prominently with six and five of the most competitive deals respectively.
In contrast, Chelsea Building Society, which is now merging with Yorkshire, appears just once in the best-buy tables. Norwich & Peterborough did not feature in any of the best-buy tables.
Julie Speed, national accounts director at Evaluate Technologies said: “There has been a period of consolidation in the sector which has seen a number of smaller players fall into the hands of larger owners. Despite a reduction in the number of providers the quality of choice has remained high with building societies providing a large number of best-buy products.”
The analysis looked at the ten best deals across nine product categories and at varying LTVs.
