Number of mortgages on offer hits record high
The number of the mortgage rates available across the market reached record levels in August, according to data from the Mortgage Advice Bureau.
Their National Mortgage Index shows the availability of rates jumped 9% last month to 12,265, the largest number since the Index started in 2009.
Aaron Strutt, product manager at Trinity Financial, says: “Over the last few months the banks and building societies have really started to push the market forward and competition is fierce.
“Some economists think the base rate will be on hold until the middle of next year and this takes some of the pressure off fixed rate funding.”
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