Financial Times - Two-year UK mortgage rates fall faster than longer-term deals
Two-year fixed mortgage rates are falling faster than longer-term deals as markets price in expectations for interest rate cuts from the Bank of England, making short-dated mortgage deals increasingly competitive.
Aaron Strutt, director at broker Trinity Financial, told the Financial Times the first two-year deal below 4 per cent was “good news because many borrowers do not want to lock in to a longer-term fix”.
But he added that even with cheaper short-term deals “some people are concerned about potential future shocks to the economy, so they would rather have long-term payment security”.
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