NEVER MIND IT’S COMING HOME ….. IT’S COMING DOWN !!
The average two-year fiixed mortgage rate is now 5.37%, down from 6.17% a year ago, according to Rightmove.
Last week, Barclays and HSBC, which both announced mortgage rate cuts. NatWest, reduced rates across a number of its fixed rate products earlier this week; its second round of rate reductions in little more than a week. And Halifax and Santander are the latest mortgage lenders to announce mortgage rate cuts yesterday.
Halifax is now offering the lowest two-year fix on the market to those buying with at least a 40 per cent deposit.
Its 4.63% two-year fix comes with a £1,099 fee.
The reductions maybe small but ……. it’s coming down, it’s coming down, rates are coming down
