The average two-year mortgage rate has dipped below 5% for the first time since former Prime Minister Liz Truss’s mini-budget in September 2022, figures show.
Read MoreAverage mortgage rates below 5% for first time since Truss budget
Tag: mortgage rates
What’s happening to buy-to-let mortgage rates?
Find out the cheapest mortgage deals on offer for landlords.
Read MoreIs now a good time to buy a house?
Mortgages may be getting cheaper but stamp duty costs remain a challenge for those looking to get on or move up the property ladder.
Read MoreNationwide cuts mortgage rates for first time buyers, new and existing customers
For first time buyers, rates start from 3.94%
For new and existing customers moving, rates start from 3.81%
Buy-to-let mortgage rates fall: Which deals are lowest?
Buy-to-let mortgage options have become more abundant and typical rates for two-year deals have fallen below 5%.
Read MoreWhat next for mortgage rates – and how long should you fix for?
The lowest fixed rate mortgage deals remain at around 4 per cent – and there is an expectation that rates may fall slightly further but not by much.
Read MoreCheaper mortgages and relaxed lending rules push up price of a first home
Mortgage lending to first-time buyers also reaches highest level on record.
Read MoreThe best mortgage rates for first-time buyers: What deals are available and how long should you fix for?
If you’re hoping to buy your first home soon, searching for the best mortgage rates for first-time buyers is an essential part of the process.
Read MoreTwo mortgage lenders increase prices as Barclays makes gloomy interest rate forecast
Higher inflation could mean Bank of England cuts interest rates more slowly.
Read MoreCould NatWest’s family mortgage blast your adult children on to the housing ladder?
If you dream of helping your child on to the property ladder but don’t have buckets of cash to give or lend them for a deposit then you might consider becoming a ‘booster’ on their mortgage application.
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