The Sunday Times - Is this the bottom for fixed rates?

Aaron Strutt Image

Fixed mortgage rates have fallen to a record low and brokers are urging borrowers to act fast as they are unlikely to get much cheaper.

Those who plan to let a room in their first home could opt for the Income Plus mortgage from Bath building society, which is the first loan to take rental income into account, according to Aaron Strutt at Trinity Financial. Rates start at around 5% for a lifetime standard variable rate mortgage.

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