{"id":131745,"date":"2022-11-22T18:57:40","date_gmt":"2022-11-22T11:57:40","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-five-year-mortgage-rate-less-than-6-for-first-time-in-seven-weeks\/"},"modified":"2022-11-22T19:15:10","modified_gmt":"2022-11-22T12:15:10","slug":"average-uk-five-year-mortgage-rate-less-than-6-for-first-time-in-seven-weeks","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-five-year-mortgage-rate-less-than-6-for-first-time-in-seven-weeks\/","title":{"rendered":"Average UK five-year mortgage rate less than 6% for first time in seven weeks"},"content":{"rendered":"


\nFixed interest rate deals starting to drop and could \u2018fall further still\u2019, says MoneyfactsThe average rate on a five-year mortgage deal has dropped below 6% for the first time since the disastrous mini-budget two months ago that ended up costing Kwasi Kwarteng his job as chancellor.Moneyfacts, a financial data provider, said on Tuesday that the average five-year fixed mortgage rate had dropped below 6% for the first time in seven weeks. The reduction is good news for would-be borrowers but rates could \u201cfall further still\u201d, it suggested. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Average UK five-year mortgage rate less than 6% for first time in seven weeks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fixed interest rate deals starting to drop and could \u2018fall further still\u2019, says MoneyfactsThe average...<\/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-131745","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-ygV","jetpack-related-posts":[{"id":139358,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-five-year-fixed-mortgage-rate-in-uk-falls-back-below-6\/","url_meta":{"origin":131745,"position":0},"title":"Average five-year fixed mortgage rate in UK falls back below 6%","date":"September 28, 2023","format":false,"excerpt":"\r First time since early July that average rate has been below 6%, with some deals now under 5%The average new five-year fixed mortgage rate has fallen back below 6% for the first time since early July, according to the sector\u2019s leading data provider.Across all deposit sizes, the typical five-year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140624,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-two-year-fixed-mortgage-rate-drops-below-6-to-six-month-low\/","url_meta":{"origin":131745,"position":1},"title":"Average UK two-year fixed mortgage rate drops below 6% to six-month low","date":"December 8, 2023","format":false,"excerpt":"\r Data shows cost of borrowing still falling from highs of summer, with five-year fix also downBusiness live \u2013 latest newsThe average cost of a two-year fixed-rate mortgage has fallen below 6% for the first time in almost six months, figures showed on Friday.In news that will be welcome to\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":131745,"position":2},"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":148198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rates-creep-up-as-brokers-warn-of-possible-further-pain\/","url_meta":{"origin":131745,"position":3},"title":"UK mortgage rates creep up as brokers warn of possible \u2018further pain\u2019","date":"November 18, 2024","format":false,"excerpt":"\r Concerns interest rates will stay higher for longer if official data on Wednesday shows inflation is back above 2% targetThe average cost of a new fixed-rate mortgage is continuing to creep up, data shows, as brokers warn that borrower could face \u201cfurther pain\u201d if the latest inflation data out\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128785,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rate-rise-outpaces-interest-rates-data-reveals\/","url_meta":{"origin":131745,"position":4},"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":86088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-costs-hit-two-year-high-as-lenders-anticipate-rise-in-uk-base-rate\/","url_meta":{"origin":131745,"position":5},"title":"Mortgage costs hit two-year high as lenders anticipate rise in UK base rate","date":"April 22, 2018","format":false,"excerpt":"\r Average homeowner with a typical loan of \u00a3175,000 is now paying \u00a344 a month more than last autumnRates on the most popular mortgage deals have reached their highest levels in two years as lenders increase prices in advance of an expected interest rate rise next month.The average mortgage rate\u2026","rel":"","context":"In "Property 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