The typical homeowner is paying £2,829 more on their mortgage each year than they were in 2022 thanks to rocketing interest rates.
Read MoreBriton’s average annual mortgage bill soars £2,800 in just two years due to rocketing rates
Tag: fixed mortgage
Cheapest mortgage rates on the market are now three-year fixes
They may be less common than two or five-year deals, but three-year fixed rate mortgages are now the cheapest on the market.
Read MoreMortgage costs ‘unlikely’ to return to low levels
The cost of borrowing money to buy a home is “unlikely” to return to the low levels seen over the past decade, the boss of the UK’s largest mortgage lender has said.
Read MoreShould I stick with my tracker mortgage with rates falling or move to a cheaper fix? DAVID HOLLINGWORTH replies
I’m on a Natwest tracker mortgage but can switch to a new deal.
I owe £31,000 to be repaid over the next five years and 10 months. It’s 6.04 per cent but will come down after the latest base rate cut from the Bank of England.
I earn £3,000 a month so have been making massive overpayment. Would I be better off staying on a tracker or fixing?
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