Becky Bellamy - Profile and Journalist Details
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Becky Bellamy
Verified
Reporter, Mortgage Strategy Magazine
London
Beats
Policy news
Content
By Roger Baird, Becky Bellamy Verified| Mortgage Strategy Magazine Verified The average two-year fixed mortgage rate with a 40% deposit has fallen below the average five-year equivalent for the first time in two-and-a-half years, data from Rightmove shows. Typical two-year 60% loan-to-value fixes are now 4.18%, while the five-year equivalent is 4.19%. This is the first time two-year rates at this level have become cheaper than five-year equivalents since former Prime Minister Liz Truss’ mini-Budget in September 2022.
By Becky Bellamy Verified, David Burrows Verified, Roger Baird| Mortgage Strategy Magazine Verified West Brom Building Society has reduced rates on two-year shared ownership and new build mortgage products. As part of the changes, the society has lowered 95% borrower share product, with no fee to 5.24%. Rates across the rest of the shared ownership range have also been reduced and end dates have been extended from June to September. For those buying new build homes, The West Brom has trimmed two-year rates by as much as 47 basis points and now start from 4.77% for customers with a 10% deposit.
By Roger Baird, Becky Bellamy Verified| Mortgage Strategy Magazine Verified The average two-year fixed mortgage rate with a 40% deposit has fallen below the average five-year equivalent for the first time in two-and-a-half years, data from Rightmove shows. Typical two-year 60% loan-to-value fixes are now 4.18%, while the five-year equivalent is 4.19%. This is the first time two-year rates at this level have become cheaper than five-year equivalents since former Prime Minister Liz Truss’ mini-Budget in September 2022.
Company Info
Mortgage Strategy Magazine
Chester, England, United Kingdom
+44 20 8752 8181