Mortgage Advice

Moneyfacts: Average rates on fixed products nearly halve in 10 years

Data from Moneyfacts shows that the average rate on a fixed product has nearly halved since March 2009. The average two-year fix in March 2009 was at 4.795 and the average five-year fix was at 5.62%. Additionally, the average two-year tracker mortg...continue reading

Bank of England: Lending up 6% as more buyers use high loan to value deals

Gross mortgage lending grew by 5.5% in the last quarter of 2018 compared to a year earlier as more borrowers took high loan to value (LTV) deals, according to the Bank of England The latest figures show that the value of gross lending was £72....continue reading

5-year fixed rate mortgages are most popular choice for landlords

Mortgages for Business has revealed that an increasing number of landlords are opting for five year fixed rate products. According to their figures, there was a 14% rise in these mortgage terms during Q4 2018 - from 70% in the previous quarter to 84...continue reading

Gross mortgage lending sees steady rise during 2018

The latest figures released by UK Finance have revealed that, against a backdrop of political and economic uncertainty throughout 2018, gross mortgage lending in the UK ended the year on a positive note. According to UK Finance data, lending across ...continue reading

Average five-year Buy-to-Let mortgage rates fall to new record low

According to the latest data released by Moneyfacts, average five-year fixed buy to let mortgage rates are now at a record low of 3.40% after falling from 3.55% in April. The data suggests that a turbulent market and fierce competition in the sector...continue reading

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