Mortgage rates decrease
Tue 31 Jan 2023
We are starting the year with the great news! We are now seeing mortgage rates decrease... Santander and Barclays are the latest lenders to reduce their mortgage rates following similar moves from Halifax, Nationwide and The Mortgage Lender.
Barclays has reduced the rates on some of its product range. It now has a five-year fixed rate deal for borrowers with a 25 per cent deposit at 4.41 per cent – a reduction of 0.27 per cent. On a £200,000 mortgage over 25 years the rate reduction would save customers £31 a month or £372 a year.
But the best deals available now are heading towards 4 per cent, with rates as low as 4.18 per cent on a five-year fix for those with larger deposits.
If you are looking for more information on mortgages, looking to purchase a home or wanting to move then our teams can help, please get in touch today.
Barclays has reduced the rates on some of its product range. It now has a five-year fixed rate deal for borrowers with a 25 per cent deposit at 4.41 per cent – a reduction of 0.27 per cent. On a £200,000 mortgage over 25 years the rate reduction would save customers £31 a month or £372 a year.
But the best deals available now are heading towards 4 per cent, with rates as low as 4.18 per cent on a five-year fix for those with larger deposits.
If you are looking for more information on mortgages, looking to purchase a home or wanting to move then our teams can help, please get in touch today.