Credit card spending spirals with surge in use for essentials - including mortgages | Personal Finance | Finance
The rise, which equates to 9.5 percent, suggests more of the nation are effectively living on borrowed money.
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The rise, which equates to 9.5 percent, suggests more of the nation are effectively living on borrowed money.
Anyone taking out a mortgage at the moment will likely be pondering the same questions - how long to fix for? Should they fix at all?
Halifax, the UK's largest lender, became the first company to slash rates on its remortgage deals by up to 0.83 percentage points yesterday, just hours into the first working day of the year.
The UK's average two-year mortgage rate fell to 5.92% on Wednesday, according to Moneyfacts. Both Halifax and Leeds Building Society slashed deals earlier this week.
Five- and 10-year fixed-rate remortgage offers announced as lenders big and small reduce rates