The Sunday Times - Ten-year mortgages cheaper than two
Five and ten-year fixed-rate deals at the largest mortgage lender are now cheaper than two-year fixes.
From Monday Halifax will increase mortgage rates by up to 0.5 percentage points, with two-year deals going up by twice as much as five and ten-year deals.
Aaron Strutt from Trinity Financial told The Sunday Times: “It’s hard to see how the cheapest two-year fixes won’t be 2.5 per cent-plus soon.”
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