Average two-year fixed rates at 60% LTV cheaper than five-year deals for first time since mini Budget, Rightmove says
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Average 2-year fixed mortgage rate falls below 5-year rate
The average 2-year fixed mortgage rate for buyers with a 40% deposit came in cheaper than the 5-year fixed rate for the first time since the mini-Budget, according to data from Rightmove. The average 2-year fixed, 60% loan-to-value (LTV) mortgage rate stood at 4.18%, compared with the 5-year fixed equivalent of 4.19%. The lowest 2-year fixed rate available was 3.86%, while the lowest 5-year equivalent was 3.89%. Matt Smith, mortgage expert at …
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