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The average mortgage rate is as competitively priced as it has ever been, particularly within the fixed-rate market, according to Moneyfacts.co.uk. Moneyfacts research shows that five-year fixed rates have dropped from 6.00% in February 2010 to 4.14% today, marking a 1.86% fall. Two-year fixes have also fallen from 4.82% to 4.11% over the same period. Jed Newton, a broker at Trinity Financial, says: “Some of the banks have made it easier to qualify by improving lending criteria and borrowing more money from the Funding for Lending Scheme." If you would like help securing a best buy mortgage, call us on 020 7016 0790. February 22, 2013

The average mortgage rate is as competitively priced as it has ever been, particularly within the fixed-rate market, according to Moneyfacts.co.uk.

Moneyfacts research shows that five-year fixed rates have dropped from 6.00% in February 2010 to 4.14% today, marking a 1.86% fall. Two-year fixes have also fallen from 4.82% to 4.11% over the same period.

Jed Newton, a broker at Trinity Financial, says: “The cheapest mortgage rates really started to filter through at the start of this year and the lenders are continuing to improve their rates.

"Some of the banks have made it easier to qualify by improving lending criteria and borrowing more money from the Funding for Lending Scheme."

If you would like help securing a best buy mortgage, call us on 020 7016 0790.

March 22, 2013
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