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

Rightmove logo
Breaking News

Autumn Budget doesn’t dampen commercial property outlook for 2026

Demand in both leasing and investment remained in largely positive territory, despite Budget uncertainty Industrial sector continued to lead the way with demand to lease up  11% year on year and demand to invest up 12% 2026 outlook shows positive signs alongside predicted interest rate cuts Demand in terms of both leasing and investment for commercial…
Read More →
How to add value to your home
Breaking News

Stabilising house prices and falling mortgage rates offer renewed hope for first-time buyers

Propertymark says forecasts of modest house price growth in 2026, alongside falling mortgage rates, point towards a housing market that is beginning to stabilise, offering renewed hope for first-time buyers, while wider affordability challenges remain. As lenders continue to reduce mortgage rates following improved market conditions, monthly repayments are becoming more manageable for aspiring homeowners.…
Read More →
Breaking News

Inheritance tax receipts rise as government performs partial U-turn on relief rules

Inheritance tax (IHT) receipts reached £6.6 billion in the first nine months of the 2025/26 tax year, according to data released by HM Revenue & Customs (HMRC) this morning. That figure is £200 million higher than the same period last year and continues a steady upward trend that has persisted for more than two decades.…
Read More →
Breaking News

Breaking Property News 22/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X. Why are most proptechs Unsaleable? Structural issues rooted in how proptechs are conceived, built, and taken to market stops an exit or IPO   (Thought Leadership by Andrew Stanton CEO Proptech-PR) The proptech sector has matured rapidly over the past decade. Capital has flowed in, incumbents have launched…
Read More →
Breaking News

Nationwide extends six times lending to home movers and remortgage

Nationwide enhances support for people looking to move up the property ladder or get a new mortgage deal Five-fold increase in Nationwide loans to first-time buyers at or above 5.5x income in 2025, compared to 2024 Increased first-time buyer support follows regulatory changes to improve affordability Nationwide is today announcing a major boost to the…
Read More →
Breaking News

Breaking Property News – 21/1/2026

Daily bite-sized proptech and property news in partnership with Proptech-X.   Jon Cooke steps down as Non-Executive Director at GPEA Jon Cooke will continue to focus on innovation within the property sector Jon Cooke has stepped down from his role as Non-Executive Director at GPEA, the business that owned Fine & Country and The Guild…
Read More →