Mortgage deals now available at sub 4% rates - and inflation still expected to fall quickly in the second half of this year.
The latest articles on mortgages
The latest rise in the base rate to 4.25% is unlikely to have an impact on new fixed rate mortgages in 2023. Our Executive Director of Research, Richard Donnell, explains why.
The number of different deals available to people renting out a property reaches its highest level since before the mini-Budget.
More than 4,000 different deals are now available as the mortgage market continues to stabilise.
The best new mortgage deals are now at below 4% for lower loan-to-value remortgages, a major improvement on the average rate of 6% in November 2022. Here's how much further I think they will fall.
Despite increases to the cost of borrowing, fixed rate mortgages are continuing to come down, falling by 0.35% for two-year deals and by 0.43% for five-year ones.
If you're worried that your fixed deal is up this year, you’re not alone. 57% of people who need to remortgage in 2023 are coming off two-year deals fixed at 2% rates.
The government-backed scheme to ensure 95% mortgages remain widely available will now run until December 2023.
Mortgage rates hitting 6.5% brought many predictions of sizeable house price falls in 2023. But we're less bearish and believe the housing market will be stronger than many expect next year.
