UK Mortgage & Property Related News
Buy-to-let landlords with multiple properties could save thousands by taking advantage of this year’s lower mortgage rates, but failing to refinance could see them hit with a £23,000 bill.
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We hear from a reader who’s current mortgage ends several months before their moving date. Is there a solution? Darren Polson offers a helping hand.
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The average shelf-life of a mortgage product has dropped to just 17 days, down from 30 days a month, according to Moneyfacts.
Average mortgage rates on the overall two- and five-year fixed rate deals fell month-on-month by 0.18% and 0.15% respectively, halting five consecutive months of rises. These rates are now at their lowest level since March 2024.
The overall average two- and five-year fixed rates fell between the start of July and the start of August, to 5.77% and 5.38% respectively. The average two-year fixed rate is 0.39% higher than the five-year equivalent. The two-year fixed rate has now been higher than the five-year equivalent since October 2022.
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