The Sunday Times - Home loans down for some
Big lenders cut the cost of mortgages last week as signs of competition returned to the loans market but long-term fixed rates and deals for buyers with small deposits remain costly.
On a £200,000 repayment loan, the repayments on HSBC's five-year fix would be £1,163. That is £242 a month more than on its two-year tracker. Aaron Strutt of Trinity Financial, a broker, said: "There is still a high premium to pay for the security of the fix."
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