Great news for borrowers!
Big lenders have recently lowered their rates and are once again competing for customers in the market for a mortgage!
Mark Finch from New Build and First Time Buyer specialists Mortgage Pathways told us “It’s very positive to see cheaper mortgages now on the market for borrowers. Having the ability to plan over the last 12 months has been difficult, but with the return of two-year fixed rates below 5 percent it’s a positive sign of hopefully things to come. Many borrowers have not wanted to commit to longer term fixed rates. This is promising for consumers who are looking to buy or remortgage in the near term.”
17th November 2023