With the cheapest deals targeted at those with a large deposit, here’s how to choose the best on offer
It appears to be a golden time for borrowers – or some of them, at least. Homebuyers are being offered mortgages with interest rates below 1% for the first time in almost four years. Now experts say they could fall even further, as competition among banks and building societies heats up.
The best-buy rate for both remortgagors and homebuyers is 0.99% on a two-year deal. Financial data firm Moneyfacts says there have not been cheaper five-year fixed-rate mortgages on offer for at least 14 years.
