Mortgage rates edge up to 4.8%: UK mortgage rates in more detail 🔍
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
Latest on mortgages from Rightmove:
🔸 The Bank of England (BoE) meet about every 6 weeks to decide whether the Base Rate should go up or down
🔸 The Base Rate is currently 5.25%, and has been held at this level since August
🔸 The current average mortgage rate for a 5-year fixed rate mortgage is 4.80%, up from 4.72% last week
🔸 The current average rate for a 2-year fixed rate mortgage is 5.15%, up from 5.08% last week
🔸 The lowest available five-year fixed rate is 4.09%, and the lowest available two-year fixed rate is 4.38%
📢 So... what next? Let's see what the Spring Budget brings, next set of inflation figures and Base Rate decision on 21st March
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#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
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