It has been reported that the number of mortgage deals on the market in April, is at its highest level in over a year.
There are now 3,842 mortgage products on the market, an increase of 9% on the previous month, where 3,522 products were available1.
Product availability has improved for the sixth consecutive month and has recovered to almost three quarters (74%) of pre-pandemic levels, at which point there were in excess of 5,200 products to select from.
Average rates rise
Mortgage rates on both two and five-year fixed rate deals have continued to climb, with the average two-year fixed rate now standing at 2.58%, and the average five-year fixed rate stands at 2.77%, the highest it has been since late 2019.
Your home may be repossessed if you do not keep up repayments on your mortgage
Catch up on our other blog posts:
Mortgage lending has soared to record levels, according to latest data from the Bank of England1, which reveals that gross advances in Q1 totalled £83.3bn, which represents a 26.5% increase on the same quarter in 2020 and the highest level since Q4 2007. Impact of the...
Saving for a deposit has been cited as a major barrier to purchasing a home by 59% of people, according to the latest survey from the Building Societies Association (BSA)1. Climbing from 54% in December last year and just 40% last June, raising a deposit is...
Do you think you know how much your home is really worth? Would you be surprised if it was worth much more or much less? Many homeowners’ estimates don’t live up to reality, with 45% of respondents to a recent survey1 undervaluing their property and 25%...
(Your home may be repossessed if you do not keep up repayments on your mortgage)
We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)
For Lifetime Mortgages/Equity Release the fee will be £799.
Our mission is to provide honest mortgage advice, whilst helping you save money.
Get in contact
Or call —02380224925