Sub-4% mortgage rates: Will it happen this year?
Rates have fallen rapidly since November last year, with the cheapest fix now 4.04% - but the Bank of England is set to increase the base rate again in February.
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Rates have fallen rapidly since November last year, with the cheapest fix now 4.04% - but the Bank of England is set to increase the base rate again in February.
The average two-year fix, which peaked at 6.65% on 20 October, according to Moneyfacts, now sits at 6.28% - but will rates continue to fall?
The mortgage market has been thrown into disarray by the fallout from the radical mini-Budget and the falling pound, we explain what borrowers can do.
Those on a five-year fixed rate deal may be facing a sharp jump when they remortgage. In 2017 rates were just 2.85%, 1.4 percentage points lower than today.
The move by the Bank of England to ditch its mortgage market affordability test from August was broadly welcomed by the industry, although few observers expect a floodgate of new lending to come from the measure. The Bank says it will scrap its 2014 affordability test, which specifies a “stress interest rate” for