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Moneyfacts UK: Mortgage shelf-life drops and lenders slash rates - IFA Magazine

Summary by IFA Magazine
Moneyfacts UK Mortgage Trends Treasury Report data reveals the average shelf-life of a mortgage has dropped to 16 days, down from 36 days a month prior. Month-on-month the average two- and five-year fixed mortgage rates fell by their biggest margins in almost six months. Average mortgage rates on the overall two- and five-year fixed rates fell by 0.13% and 0.10% to 5.39% and 5.22% respectively. The drops to the two- and five-year average rates m…
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Mortgage Strategy broke the news in on Monday, March 10, 2025.
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