The best mortgages available as two-year fixed deals go up by up by 2% this year 🏠
Lenders have largely fed the recent base rate increases into their standard variable and reversionary rates, the average of the top 10 now standing at 4.81 per cent.
Switching from the SVR to the average two and five-year fixed rates could cut annual outgoings by more than £1,300. That saving could increase further if the Bank of England continues to raise rates, as many expect.Cumberland BS offers the best two-year fixed rate mortgage on the market at 3.
“Although the difference between this rate and the average fixed rates has reduced in recent months, for eligible borrowers about to fall on to a revert rate, the incentive to lock into a new fixed deal is still clear. Meanwhile, David Hollingworth, the associate director at L&C Mortgages, said: “The mortgage landscape continues to shift rapidly as lenders balance volatile funding conditions and service levels, forcing frequent changes to mortgage products.
Belgique Dernières Nouvelles, Belgique Actualités
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