Best Fixed Rate Mortgages

This marks the fourth consecutive time the base rate has gone unchanged.

This marks the fourth consecutive time the base rate has gone unchanged.

Alongside falling fixed rates and a longer average shelf-life, increased product availability demonstrates a buoyant period in the mortgage market.

Alongside falling fixed rates and a longer average shelf-life, increased product availability demonstrates a buoyant period in the mortgage market.

Average fixed rates in the buy-to-let market have fallen month-on-month, Moneyfacts’ data reveals. The start of October saw the average rate for a two-year deal drop to 6.40%, down from 6.64% in September. Similarly, the average five-year fixed rate fell to 6.32% from 6.49% during the same months.

Buy-to-let market shows signs of recovery, with over 1,500 more products available compared to this time last year.

The average rate for a five-year fixed mortgage fell to 5.99% today – the first time this rate has dropped below 6% since 3 July 2023, according to Moneyfacts’ data.

The average rate for a five-year fixed mortgage fell to 5.99% today – the first time this rate has dropped below 6% since 3 July 2023.

The Bank of England’s Monetary Policy Committee (MPC) voted to keep the base rate at 5.25% today - the first time in almost two years the MPC have opted to keep borrowing costs unchanged.

This is the first time in almost two years the Bank of England’s Monetary Policy Committee (MPC) opted to keep borrowing costs unchanged.

Increased product choice, alongside falling average two and five-year fixed rates, may be an early sign of stability within the mortgage market.

Exceeding 5,300 at the start of September, product choice is at its highest level since February 2022.

The Mortgage Charter doesn’t include financial support for those struggling to keep up with their repayments.

The Mortgage Charter doesn’t include financial support for those struggling to keep up with their repayments.

The last time the average two-year fixed rates were higher was December 2022.

The last time the average two-year fixed rates were higher was December 2022.

This represents 4% of the total number of mortgages on the market.

This represents 4% of the total number of mortgages on the market.

Since last week almost 7% of mortgages have been withdrawn from market.

Since last week almost 7% of mortgages have been withdrawn from market.

Swap rates and market sentiment have played a role in reversing an established trend.

Swap rates and market sentiment have played a role in reversing an established trend.

The average five-year fixed mortgage rate has dropped below 6% today, having trended above this figure since 5 October.

The average five-year fixed mortgage rate has dropped below 6% today, having trended above this figure since 5 October.

The Bank of England (BoE) has voted to increase the base rate by 50 basis points today, the highest increase in 27 years. It now means the base rate stands at 1.75%.

The Bank of England (BoE) has voted to increase the base rate by 50 basis points today, the highest increase in 27 years.

Mortgage lending this year is set to increase by 31% compared to 2020, new data from UK Finance reveals

Mortgage lending this year is set to increase by 31% compared to 2020, new data from UK Finance reveals

Savers have almost doubled the amount of money they hold in savings accounts during the pandemic, but with savings rates remaining low homeowners may be considering using excess savings to overpay their mortgage

Savers have almost doubled the amount of money they hold in savings accounts during the pandemic

The cost of getting a mortgage has risen since March, with average product fees increasing while the number of deals with no product fees or offering free valuations falling

The cost of getting a mortgage has risen since March, with average product fees increasing while the number of deals with no product fees or offering free...

Consumers looking to lock into a new mortgage deal should act quickly, as mortgage rates continue to rise while the number of deals available is falling

Consumers looking to lock into a new mortgage deal should act quickly, as mortgage rates continue to rise while the number of deals available is falling

Mortgage borrowers on their lender’s standard variable rate (SVR) or who are coming to the end of a fixed rate deal, may want to consider locking into a new fixed deal soon as the latest research by Moneyfactscompare.co.uk has found that since July 2020 average rates have been rising

Mortgage borrowers on their lender’s SVR or who are coming to the end of a fixed rate deal, may want to consider locking into a new fixed deal

Although the number of mortgage deals have almost halved since March, the average mortgage rates on two and five-year fixed deals have hit historic lows

Although the number of mortgage deals have almost halved since March, the average mortgage rates on two and five-year fixed deals have hit historic lows

First-time buyers saving for a 5% deposit will be pleased to see that average five year fixed mortgage rates on a 95% loan-to-value (LTV) have fallen by 0.26% year-on-year, while average two year equivalent rates have fallen by 0.19%

First-time buyers saving for a 5% deposit will be pleased to see that average five year fixed mortgage rates on a 95% loan-to-value (LTV) have fallen

The historic post office located in Sanquhar, Dumfries and Galloway, is on the market for £275,000 as the current owners look to retire in May.

The historic post office located in Sanquhar, Dumfries and Galloway, is on the market for £275,000 as the current owners look to retire in May.

2019 has been a positive year for borrowers, but not for savers, with interest rates across the savings landscape plummeting due to economic uncertainties and a slowdown in competition. At the same time, consumers looking for a fixed rate mortgage will have seen a noticeable rate war unfold before them, which has pushed average rates to their lowest point now than in any other month in 2019.

2019 has been a positive year for borrowers, but not for savers, with interest rates across the savings landscape plummeting due to economic uncertainties

Consumers should be aware that although inflation has dropped to 1.5% today, savers wanting long-term inflation-beating rates should consider locking into a long-term deal now or may find their money eroding over the next few years

Consumers should be aware that although inflation has dropped to 1.5% today, savers wanting long-term inflation-beating rates should consider a long-term deal

Virgin Money launches 15-year fixed rate mortgages

Virgin Money launches 15-year fixed rate mortgages

At one time, mortgages typically had a standard maximum term of 25 years, yet our latest research shows that 50.89% of all residential mortgage products now have a maximum term of up to 40 years, up from 35.93% five years ago.

At one time, mortgages typically had a standard maximum term of 25 years, yet our latest research shows that 50.89% of all residential mortgage products now...

This month sees the highest difference between the standard variable rate and fixed mortgage deals since March 2008, with the average SVR much higher than the average fixed rate offered on two-year deals two years ago.

This month sees the highest difference between the standard variable rate and fixed mortgage deals since March 2008, with the average SVR much higher than...

With the base rate on the rise, the time of record low mortgage rates appears to be truly at an end.

With the base rate on the rise, the time of record low mortgage rates appears to be truly at an end.

Remortgaging activity is surging ahead, with many homeowners taking advantage of record low mortgage rates to secure lower repayments. However, research identifies another trend, with many remortgagors seeking long-term security in the process.

Remortgaging activity is surging ahead, with many homeowners taking advantage of record low mortgage rates to secure lower repayments. However, research...

Low mortgage rates have been a persistent theme in recent years, and happily, this trend has had a welcome side-effect, with mortgage affordability dramatically improving as a result.

Low mortgage rates have been a persistent theme in recent years, and happily, this trend has had a welcome side-effect, with mortgage affordability...