Mortgage rates have fallen in the high LTV market, according to Moneyfacts.co.uk. At 5.39%, the rate on the average two-year fix at 90% loan-to-value (LTV) is at its lowest since January 2008. The average rate for a five-year fixed deal in the same LTV bracket stands at 5.87%, compared with 6.66% a year ago. For [...]
Moneyfacts.co.uk
First-time buyer mortgage rates dip below 6%
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. [...]
“Wait and see” mortgage borrowers too rate sensitive
Mortgage holders who are free to leave their deals are more likely to wait for their monthly payments to start to rise before making a switch, according to new research from moneyfacts.co.uk, on behalf of HSBC mortgage arm, first direct. The study defined “free to leave” homeowners as those who have dropped on to lenders’ [...]
Tracker rates lowest on record
Rates on tracker mortgages have plummeted, research from Moneyfacts.co.uk claims.
The average rate on a two-year tracker is down to 3.4%, the lowest level since the financial website started monitoring rates in 1988.
According to the data, a number of lenders have reduced rates in the last month, including ING Direct, Nationwide Building Society, Northern Bank, Northern [...]
Increase in mortgages offset by affordability issues
The number of mortgages available from UK lenders has more than doubled in the last two years, but other factors continue to keep buyers out of the housing market.
Research by Moneyfacts.co.uk shows choice falling to an all-time low two years ago, when only 1,097 residential mortgage products were available.
Since then, the number of home loans [...]
