Funding for Lending Scheme helps more lenders to offer sub 2% mortgage rates
There are now at least 23 banks and building societies offering sub 2% mortgage rates. This is up from six lenders in March.
The surge in super-low mortgages has been helped by the Funding for Lending Scheme and there are approximately 80 mortgage rates available below 2%.
Aaron Strutt, product manager at Trinity Financial, says: "Halifax is offering one of the lowest two-year fixed rates at 1.94% and it has a £999 arrangement fee. Borrowers will need a 40% deposit to access this rate and it is available for mortgages up to £1 million.
"The APR is 4% and after the fixed rate period finishes the mortgage reverts to the Halifax standard variable rate at 3.99%."
If you would like help to secure a best buy mortgage, call us on 020 7016 0790.
September 13, 2013
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
