Five-year fixes at record low

Homeowners can now fix a mortgage for five years for less than 1.5%. Santander has launched a 1.5% five-year fix for borrowers with a 40% deposit, while Skipton Building Society has unveiled a 1.45% deal with the same deposit. Both deals are open to new buyers and remortgagers alike. "These latest reductions make a huge statement in the interest-rate war”, said Andrew Montlake, director of mortgage broker Coreco.

The Sunday Times (03/11/2019)