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Average two-year fix ticks up: Moneyfacts

Moneyfacts figures show that the average two-year fixed rate mortgage has crept up slightly from last week, coming in at just over 2.51 per cent.

Last week, the average rate stood just under this number after dropping slightly following steady climbs from the recent low of 2.48 per cent seen in early October.

Within the 52-week range, however, the lowest figure was spotted in early January of this year, when borrowers could enjoy an average rate of 2.33 per cent on their two-year mortgage.

Moneyfacts finance expert Rachel Springall comments: “This week we have seen a few changes, from rate reductions to more incentives, such as cashback.

“However, it’s clear to see that things are getting a little tighter – the reductions we are seeing are not as heavy or as ‘rolled-out’ as they have been over the last few years.

“Lenders feel that they need to do what they can to either entice or retain customers during what is traditionally a quiet time of the year.”

Further data provided by Moneyfacts reveals that among a plethora of small rises, the biggest two-year fixed rate reductions over the last seven-day period was carried out by Barclays on 16 November, when the lender cut 0.25 per cent off its 70 per cent LTV product to leave it at 2.74 per cent.


Average two-year fix dips: Moneyfacts

Data from Moneyfacts shows that the average two-year fixed rate mortgage has reversed recent trends by dropping slightly during the week to 2.51 per cent. Last Friday, the rate stood at 2.53 per cent, having climbed steadily from the 2.48 per cent figure seen in early October. This was described as being a “blip in […]

Equity release rates on the up: Moneyfacts

Moneyfacts has released data that shows the average lifetime equity release rate moving up from record lows. This, the company says, is due the recent bank rate rises and the fact that six out of the 11 lenders that currently offer lifetime mortgage products increasing interest rates over the last quarter – some more than […]

mortgage clubs

Average two-year rate at 2.53%: Moneyfacts

Moneyfacts data shows that the average two-year fixed rate mortgage has ticked up slightly to 2.53 per cent. On 19 October, the rate stood at 2.52 per cent, coming off the back of a rate of 2.48 per cent, its lowest average since last April. Moneyfacts finance expert Charlotte Nelson comments: “We recently saw a […]


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