Good news as mortgage rates continue to fall, latest rates right here 📈
#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
🗝️ Key findings from Rightmove:
🔸The Bank of England (BoE) meet about every six weeks to decide whether the Base Rate should go up or down, or stay the same
🔸The Base Rate is currently 5.25%, and has been held at this level since August
🗞️ GOOD NEWS!... as rates continue to fall 🗞️
🔸Average rates across all LTV ranges now start with a 4 or a 5: a far cry from where we were a year ago, when even those with the biggest deposits were looking at a mortgage rate considerably higher than 5%
🔸The current average mortgage rate for a 5-year fixed, 85% loan-to-value mortgage is 5.22%, down from 5.29% last week
🔸The lowest rate for this type of mortgage is 4.71%
These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee
📩 To read article in full from Rightmove, click here 📩
If you would like more advice on mortgages, we will ask our Mortgage Specialists to make contact with you - to schedule a call, email Emma (emma.travers@cavendishproperty.co.uk) 📧
📸 Emma Travers: Property Sourcing, Conveyancing and Acquisitions at Cavendish Residential 📸
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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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