The average mortgage rate for borrowers with a 10% deposit has dropped below 6% for the first time since March 2008. According to new research from Moneyfacts.co.uk, the rate on a typical two-year fix at 90% loan-to-value (LTV) currently stands at 5.98%, taking the cost of a mortgage down 0.4% compared with a year ago. [...]
LTV
Mortgage availability to increase
In its latest Credit Conditions Survey, the Bank of England reports that mortgage lenders expect the availability of home loans to increase during the second quarter of 2011. However, a negative outlook for house prices and, to a lesser extent, the economy in general is likely to rein in recovery of the market. The quarterly [...]
