According to the latest data from Defaqto some of the top 2-year fixed mortgage rates have fallen by more than 0.80% since the start of September.
Katie Brain, consumer banking expert at Defaqto, said: “Ahead of next week’s base rate announcement, we’re finally starting to see a more positive outlook for homeowners when it comes to mortgage rates, with lower loan-to-value 5-year fixed rates also now being below 5%.
“The fees for the sub 5% 5-year fixed rates have also dropped to normal levels in further good news.”
Earlier today The Skipton cut the rates on more than 100 mortgage products while Santander also announced a series of rate reductions across its residential and buy-to-let range.
