The Times - Homebuyers offered deal of the decade
The battle of the mortgage rates intensified as ten-year fixed rates fell to a record low this week, plunging below 3 per cent for the first time, although concerns that first-time buyers are still struggling to get a foot on the ladder continue.
Aaron Strutt, of Trinity Financial, a broker, says: “Even though it can be tough to access the very lowest rates there isn’t a huge gap between rates if you have a slightly smaller deposit. The cost of funding is so low that the lenders are offering decent rates across the board at the moment. Two-year fixes are readily available below 2 per cent and five-year fixes below 3 per cent.”
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