Last updated: 17 April 2024 at 15:45
Many lowest mortgage rates remain unchanged this week, as it’s revealed average house prices fell 0.2% in the year to February.
The average price of a UK property fell by 0.2% in the year to February 2024, found the latest UK House Price Index (HPI) from HM Land Registry and the Office for National Statistics (ONS). The same release revealed UK house prices stood at an average of £281,000 that same month.
Despite the drop, it’s a marked improvement from January 2024 when UK house prices experienced an annual fall of 1.3%. What’s more, property prices have seen an increase month-on-month, rising by 0.4% between January and February.
If you’ve decided now is the right time to move home, remortgage or join the property ladder, we provide more information on some of the lowest mortgage rates currently available. However, as the lowest rate may not always be the most effective choice for your needs and circumstances, we’ve also offered some alternative deals which feature on our Moneyfacts Best Buy chart based on their overall true cost.
Otherwise, for a complete overview of the mortgage market, visit our charts.