Average homeowner with a typical loan of £175,000 is now paying £44 a month more than last autumnRates on the most popular mortgage deals have reached their highest levels in two years as lenders increase prices in advance of an expected interest rate rise next month.The average mortgage rate has gone up by 0.25 percentage points since last month. This follows a previous mortgage rate rise by lenders around November when the base rate moved up by a quarter of a per cent. The average two-year fixed mortgage rate has now reached 2.5% – the highest level since July 2016. Continue reading…
Via: Mortgage costs hit two-year high as lenders anticipate rise in UK base rate
Categories: English News