A homeowner has been left raging after being pestered by their neighbour for a new fence.
21.07.2023 - 11:51 / manchestereveningnews.co.uk
Average two and five-year fixed mortgage rates experienced a slight increase on Friday, following a dip the previous day, according to financial information website Moneyfactscompare.co.uk.
Moneyfactscompare.co.uk, which released the data, highlighted that while some new and more appealing mortgage deals have been introduced, there have also been rate hikes that have affected the overall averages.
On Friday, the average two and five-year fixed mortgage rates both rose by 0.01 percentage point compared to the previous day. The average two-year fixed mortgage rate currently stands at 6.80%, while the average five-year fixed rate is 6.32%.
The average two-year homeowner mortgage rate had decreased slightly to 6.79% on Thursday, down from 6.81% the day before. Similarly, the five-year fixed rates fell to 6.31% on Thursday, compared to 6.33% on Wednesday.
According to Moneyfacts, the last time both two and five-year fixed-rate mortgages experienced a decrease compared to the previous day was in May.
MPowered Mortgages launched new rates on Friday, with two-year rates reduced by up to 0.26 percentage points, as reported by Moneyfacts. The Co-operative Bank also introduced new deals on Thursday.
Among Moneyfactscompare.co.uk's "best buy" tables this week are a two-year fixed-rate from Cumberland Building Society, available for those with a 25% deposit at 5.96%, and a two-year fix from Cambridge Building Society for those with a 5% deposit, at 6.04%.
On Wednesday, it was revealed that inflation had slowed down more than expected, providing a glimmer of hope for mortgage borrowers under pressure.
The Office for National Statistics reported that the Consumer Prices Index dropped to 7.9% last month, down from 8.7% in May. The Bank
A homeowner has been left raging after being pestered by their neighbour for a new fence.
one social media user tweeted on Aug. 2 when the episode aired.
Some of the biggest lenders in Britain are said to be making significant cuts to their mortgage rates from tomorrow (August 9). Three major banks will make reductions of up to 0.55 percent on fixed mortgage products, which is set to be good news for many homeowners.
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Hello and welcome to this month’s advice column.
Fixed mortgage rates are on the decline, reversing their previous upward trend, according to data from financial information website Moneyfactscompare.co.uk. The average two-year homeowner mortgage rate dropped to 6.79% on Thursday, down from 6.81% the day before.
Homeowners have been given a glimmer of hope as it appears that interest rates may not rise as high as initially feared. Official figures from the Office for National Statistics (ONS) have revealed that inflation eased back more than expected in June, with the Consumer Prices Index (CPI) falling to 7.9%, down from 8.7% in May.
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