This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+301014+small
Categories:Mortgages

Two-year fixes at a five-month high

  • Print
  • Comment

The average price of a two-year fixed-rate mortgage has reached its highest level since August at 4.27 per cent.

Data from Moneyfacts.co.uk shows the average price of two-year fixed rates fell from 4.27 per cent in August to a low of 4.16 per cent in September before increasing to 4.22 per cent in October. Prices remained at 4.22 per cent in November before edging up to 4.24 per cent in December.

The average price of a two-year tracker has risen by 0.11 per cent in the past month to 3.5 per cent, which is the most expensive these products have been since last October, when prices peaked at a 16-month high of 3.58 per cent.

Movement on five-year fixed- rate pricing has been less dramatic, with the average price edging up slightly from an all-time low of 4.58 per cent last December to 4.61 per cent in January.

Your Mortgage Decisions director Dominik Lipnicki (pictured) says: “Prices will continue to creep up across the board in the next few months.

“Base is still at an historic low so it is obvious that lenders are trying to make more profit on their mortgages by inc-reasing prices.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Should Sesame unwind the 'pay to play' deals it set up as part of its restricted advice panel?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments