The Times - A record cheap deal sparks new mortgage war
Just when you thought two-year mortgage rates couldn’t get any lower — they fall again. This time it’s trackers that have dropped like a stone — to below the 1 per cent mark. Chelsea Building Society topped the best buy charts this week for the lowest rate in the market.
Rock-bottom rates are appearing left, right and centre at the moment, making it one of the best times ever to get on the housing ladder for people with a big enough deposit.
Trackers are typically a popular choice for less risk-averse borrowers with more disposable income who can afford to take the chance of interest rates rising. Aaron Strutt at Trinity Financial says: “They are particularly useful for clients if they are planning to move home over the next few years or they think the fixed deals can get even better.”
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