Mortgage rates still falling

3th February 2015

Lenders are predicting that mortgage rates look set to fall below 1% for the first time. This week, HSBC unveiled a new record low rate of 1.19% for those with a 40% deposit, and First Direct launched a 2.28% five-year deal with a 35% deposit. Brokers say falling fees could follow, as lenders with low rates compete. "It's going to be hard for some lenders to move much further on rates, so it may be that they drop fees instead", said Ray Boulger, of mortgage broker John Charcol.  

The Times (09/02/15)