Mortgage Strategy - Return of the sub-1% mortgage
Best buy mortgage rates have dropped below 1 per cent for the first time in more than two years.
Trinity Financial communications director Aaron Strutt told Mortgage Strategy magazine: “The cheapest two-year fixes are edging closer to the 1 per cent mark as the lenders continue to improve the pricing on their super-low deals.
“I think two-year fixes will hit 1 per cent over the next few months so if you are in the market for a cheap mortgage you are more than spoilt for choice at the moment.
“Many people in the industry are wondering how the lenders are making money on these best buy rates and the general consensus is they are not making much of a return.”
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