Average Five-Year Mortgage Rate Reaches 6% as Fixed Deals Become More Expensive
The average rate on a new five-year fixed mortgage has reached 6% for the first time in three years, as higher funding costs push lenders to…
Browsing articles filed under affordability.
The average rate on a new five-year fixed mortgage has reached 6% for the first time in three years, as higher funding costs push lenders to…
UK public sector borrowing rose to £18.3bn in August, exceeding expectations as inflation and debt-interest costs increased. The figures add to the wider economic pressures facing…
The share of UK mortgages taken out with deposits below 10% is at its highest level since 2008, as lenders expand access to 95% and 100%…
UK mortgage rates have risen again in September, reversing some of the improvement borrowers had seen earlier in the year as lenders respond to higher funding…
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UK inflation accelerated to 3.1% in August, with higher petrol, diesel and airfares pushing up the annual rate. The rise adds to household cost…
The Bank of England has kept Bank Rate at 3.75% for a sixth meeting, but its warning about persistent energy costs and a split…
Thousands of so-called “mortgage prisoners” have described renewed anxiety after learning their loans are being transferred yet again — this time to a newly…
The latest changes offer some welcome movement for borrowers, but they do not necessarily mean mortgage rates across the wider market are falling rapidly.…