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The cost of a five-year fixed-term mortgage has fallen below 4% after inflation came in lower-than-expected at 3.9% for the 12 months to November
Mortgage lenders are gearing up to cut rates further in January as falling inflation raises hopes that the Bank Rate will come down faster than expected next year.
Jeremy Hunt has handed the City a post-Brexit boost by agreeing a trade deal with Switzerland.
Lower fuel prices and easing food costs helped CPI fall to 3.9pc in November
Terms such as LPA and conveyancing sound like another language for first-time buyers - making mortgages even more difficult to understand.