View more on these topics

Two-year fixes at a five-month high

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.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com