More mortgage product choice

Across the mortgage market product choice is increasing. According to Moneyfacts there are more than 4,300 different deals available. This is the first time since August 2022 that product choice has risen above 4,000.

Competition between lenders in the mortgage market is good news for prospective buyers and home movers. The average interest rate charged on both two-year (5.44%) and five-year deals (5.2%) fell in February for the third month in succession.
The latest falls put the cost of both products back to October 2022. This is despite the fact that the Bank of England has since raised the base rate of interest by 1.75%.
Product availability has risen across all deposit levels, with close to 150 deals available for those with a 5% deposit, and nearly 540 for those with a 10% deposit. For those requiring a loan-to-value of 60% or less, deals with rates below 5% are now available. Source: Dataloft, Moneyfacts, Zoopla

Get in touch with us

First Name

Last Name

Mobile Phone

Your Email Address

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as our products and services. By confirming, you also agree to the use of cookies to enhance your experience. (You will always have the right to unsubscribe or manage your cookie preferences at any point in the future.)

Confirm

Is Your Home Ready to Compete for Buyers?

Buyers have plenty to compare this autumn, which makes the way a home enters the market increasingly important. A strong first impression, realistic price and thoughtful presentation can all help attract the right attention.

CLICK HERE >

Is Your Rental Property Ready for Its Next Tenancy?

A change of tenancy is a useful opportunity to review more than the rent. From property condition to compliance and management, a little preparation this autumn can help create a smoother next let.

CLICK HERE >

Superb Road Connections from Hemel Hempstead: Easy Access Across the South East and Beyond

Considering a move to Hemel Hempstead? Beyond its charming local amenities, this vibrant town boasts exceptional road links, making it an ideal location for commuters and those who love to explore the South East and beyond. Let's explore how Hemel Hempstead connects you.

CLICK HERE >

New First-Time Buyer Scheme: What We Know So Far

A new government scheme could help first-time buyers purchase with a deposit of just 2.5%. With more details expected at the October Budget, here’s what prospective buyers need to know.

CLICK HERE >