Fixed mortgage rate dropped on average since January

July 26, 2016

Moneyfacts.co.uk the financial information service yesterday published a six-month review of the mortgage market, in it they said the cost of all types of fixed rate mortgage had dropped on average since January.

They mention that it is clear that the mortgage market had a significant boost during the first half of 2016, and this led to some of the lowest rates on record. Their  latest research showed that, since the start of the year average rates across all fixed mortgage terms have fallen, making it a great time for mortgage borrowers

According to Moneyfacts UK mortgage interest rates which are  already at record lows  have fallen in the first half of the year, it said the lower costs were driven by competition.

They mention that even though loan costs have fallen, many potential first-time buyers still struggle to raise the funds required.

Source Moneyfacts.co.uk

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

ONS Private Rent and House Prices Index- May 2026

The latest ONS house price figures show that the sales market that is broadly flat. Average UK house prices were unchanged year-on-year at £268,000 in March 2026, with annual house price inflation slowing from 1.7% in February to 0.0% in March. Main points Average UK monthly private rents increased by 3.5%, to £1,381, in the…
Read More →
Overseas Property

Cyprus in demand as international property inquiries spike

Interest in Cyprus has more than tripled since the start of March, while sales to non-EU buyers have spiked by more than a fifth Cyprus is the best option for residency by investment in a major EU Mediterranean country, after Spain closed its Golden Visa in April 2025 and Portugal closed the property route in…
Read More →
Breaking News

Inflation falls to 2.8%

Industry response to the latest inflation figures and their impact on the housing market.   Nathan Emerson, CEO of Propertymark “It is very welcome news to see inflation dip this month; however, today’s figures still sit some distance away from the Bank of England’s target rate of 2%. It remains important to consider continued overall…
Read More →
Estate Agent Talk

London gardens can add more than £205,000 in value

Ahead of this year’s Chelsea Flower Show, research by Enness Global has revealed that a garden can add more than £205,000 to the value of a London home, whilst Chelsea fittingly boasts the highest degree of garden availability for high-net-worth homebuyers in the current market. Enness Global has also revealed the top five trends currently…
Read More →
Breaking News

RRA raises the cost of getting property management wrong

The latest insight from property management specialist, Rushbrook & Rathbone, suggests that the relatively modest cost of professional property management could help landlords avoid thousands of pounds in potential penalties and compliance failures as the rental sector becomes increasingly regulated under the Renters’ Rights Act.   Rushbrook & Rathbone analysed the average cost of a…
Read More →
Estate Agent Talk

The Future of Urban Real Estate: Trends and Predictions for 2026

Affordability pressures, hybrid work arrangements, and steep borrowing costs are heavy influences on urban real estate for 2026. We’re seeing an increase in mixed-use development and a renewed focus from investors on markets with a steady demand. Markets that can balance housing access, transportation, lifestyle amenities, and flexible workplaces will come out on top. Major…
Read More →