22 August 2014

In the last eight months, while bank base rate has been kept on hold, the total number of residential mortgages available has increased from 1209 to 1624, the majority of which being two-year fixed-rate deals.

Average rates on two-year fixed deals continue to see significant falls, standing at 4.93% today.

Rates remain less favourable on longer term deals, where the average five-year fixed stands at 6.15%. The average three-year rate continues to increase, standing today at 5.60%.

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