{"id":130453,"date":"2022-10-04T19:23:09","date_gmt":"2022-10-04T12:23:09","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-average-rate-on-a-two-year-fixed-deal-soars-to-nearly-6\/"},"modified":"2022-10-04T19:50:08","modified_gmt":"2022-10-04T12:50:08","slug":"uk-mortgages-average-rate-on-a-two-year-fixed-deal-soars-to-nearly-6","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-average-rate-on-a-two-year-fixed-deal-soars-to-nearly-6\/","title":{"rendered":"UK mortgages: average rate on a two-year fixed deal soars to nearly 6%"},"content":{"rendered":"


\nGovernment\u2019s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage dealsThe average rate on a two-year fixed mortgage has jumped to just under 6%, according to data released on Tuesday, dashing hopes that government efforts to calm the financial markets might ease the cost of home loans.Amid warnings from brokers that 95% mortgages could be the next casualty of the financial uncertainty triggered by Kwasi Kwarteng\u2019s mini-budget, research firm Moneyfacts said the average new two-year fixed rate jumped to 5.97% on Tuesday, having already risen to 5.75% on Monday. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK mortgages: average rate on a two-year fixed deal soars to nearly 6%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Government\u2019s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-130453","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xW5","jetpack-related-posts":[{"id":128785,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rate-rise-outpaces-interest-rates-data-reveals\/","url_meta":{"origin":130453,"position":0},"title":"UK mortgage rate rise outpaces interest rates, data reveals","date":"August 23, 2022","format":false,"excerpt":"\r Average new two-year fixed rate has jumped 1.75 percentage points since December 2021, 0.1 points faster than base rateThe price of new mortgages is rising even faster than UK interest rates, according to new data that adds to the dilemma faced by many thinking about taking out a new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hope-for-homebuyers-as-rates-fall-on-uk-fixed-mortgage-deals\/","url_meta":{"origin":130453,"position":1},"title":"Hope for homebuyers as rates fall on UK fixed mortgage deals","date":"July 20, 2023","format":false,"excerpt":"\r Small drops in average rates for two- and five-year fixed mortgages follow easing of inflation rate in JuneBorrowers received a glimmer of good news after average rates on new two- and five-year fixed mortgages fell for the first time since May.News of the small falls came 24 hours after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-time-to-switch-and-fix-to-save-up-to-400-a-month\/","url_meta":{"origin":130453,"position":2},"title":"UK mortgages: time to switch and fix to save up to \u00a3400 a month","date":"May 20, 2023","format":false,"excerpt":"\r Average SVR at highest level for more than 15 years as number of home loan products available jumpThe average standard variable rate (SVR) for mortgages has climbed to its highest level for more than 15 years, so many people sitting on one of these could save several hundred pounds\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138079,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-and-five-year-fixed-rate-mortgages-in-uk-at-highest-level-for-seven-months\/","url_meta":{"origin":130453,"position":3},"title":"Two and five-year fixed-rate mortgages in UK at highest level for seven months","date":"June 26, 2023","format":false,"excerpt":"\r Data from Moneyfacts shows average cost of two-year deal now at 6.23% with five-year at 5.86%The average price of two and five-year fixed-rate mortgages in the UK has hit its highest level for seven months, putting further pressure on borrowers who are reaching the end of their deals.Data from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-nearly-800-deals-pulled-amid-interest-rate-fears\/","url_meta":{"origin":130453,"position":4},"title":"UK mortgages: nearly 800 deals pulled amid interest rate fears","date":"May 30, 2023","format":false,"excerpt":"\r Rates rising for new fixed-term home loans, figures from Moneyfacts showNearly 800 residential and buy-to-let mortgage deals have been pulled during the past few days by UK banks and building societies amid concern surrounding future interest rate rises, data has revealed.The figures from the financial data provider Moneyfacts also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-face-huge-rise-in-payments-when-fixed-rate-mortgages-expire\/","url_meta":{"origin":130453,"position":5},"title":"UK homeowners face huge rise in payments when fixed-rate mortgages expire","date":"June 17, 2023","format":false,"excerpt":"\r More than 2.4m deals are ending in 2024, raising fears of financial timebombMore than a quarter of UK homeowners on a fixed-rate mortgage are heading for sharp increase in monthly payments before the next election, in a financial timebomb that will rock the Conservatives just as voters prepare to\u2026","rel":"","context":"In "Property 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