Mortgage rates increase by 0.64 per cent in 12 months

New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Financial Services > Mortgages > Mortgages News

Mortgage rates increase by 0.64 per cent in 12 months

Wed, 20 Aug 2008

Mortgage rates in the UK have increased by 0.64 per cent in the past year, it has emerged.

Research by mform.co.uk showed that the best mortgage deal on the market currently stands at 6.35 per cent interest, compared to 5.7 per cent in August 2007.

This is despite several Bank of England base rate cuts taking its rate to five per cent, down 0.75 per cent since last year.

"We are living through a period of inflating prices and mortgages are no exception," explained Francis Ghiloni, mform's marketing and business development director.

He added that cuts made by the Bank do not necessarily translate to lower cost mortgages.

The biggest price increases have been experienced by two-year fixed-rate mortgage deals, which have jumped by 0.87 per cent to 6.38 per cent in the past 12 months.

Meanwhile, Skipton Building Society recently launched two new fixed-rate mortgages which offer annual steps to help homeowners cope with changing financial needs.

Related mortgages articles

AMI voices support for affordable mortgage lending measures - Wed, 14 Jul 2010

FSA outlines mortgage proposals - Wed, 14 Jul 2010

CFS increases mortgage flexibility - Tue, 13 Jul 2010

CML responds to FSA mortgage lending proposals - Tue, 13 Jul 2010

Mortgage holders should take comfort in Banks decision - Mon, 12 Jul 2010

Skipton launches new fixed-rate mortgage - Mon, 12 Jul 2010

House prices fell again in June, says mortgage provider - Fri, 09 Jul 2010

Mortgage holders to continue to benefit from low interest rates - Fri, 09 Jul 2010

Santander cuts fixed mortgage rates - Thu, 08 Jul 2010

Survey exposes fears of mortgage rate awareness - Thu, 08 Jul 2010

Recommended links

Your complete guide to mortgages
Quick mortgage quote form
Mortgage repayment calculator
Maximum borrowing calculator
Loan to value calculator
Mortgage deposit calculator
Mortgage trends 2006-2007
Best mortgage rates and offers
Mortgage providers
Mortgage brokers
Mortgages and interest rate changes
How Swap Rates affect Mortgage Repayments
Mortgage fees and costs
Guide to switching mortgage lenders
Mortgage payment protection
Stamp duty rates and calculator
Fixed rate mortgages
Long term fixed rate mortgages
Browse long term fixed rate mortgages
Compare fixed rate mortgages
Best 2, 3, 5, 10 year fixed rate mortgages
Remortgage information
Remortgage quote form
Alliance and Leicester updates mortgage rates
Mortgage rates reduced at CandG
Intelligent Finance reduce offset mortgage rates
Bank set to keep rates on hold, experts predict
July sees mortgage rates boost
Fixed mortgage rates vs tracker mortgages
Banks found to offer cheapest mortgage rates
Mortgage lender cuts mortgage rates
Lenders continue to cheat borrowers on mortgage rates
Raised mortgage rates from two major lenders
Interest rates to stay unchanged, expert predicts
Almost half of mortgage holders paying too high mortgage rates
Consumers 'favour' long-term fixed rates
Self-certification mortgage rates cut
New reduced mortgage rates
Predicted increases in interest rates could impact on mortgages, says economist
Bank will not cut interest rates, experts predict
Abbey cuts mortgage rates
Mortgage rates cut at GE Life
Woolwich changes buy-to-let mortgage rates
Interest rates won't be cut, mortgage holders told
Bank of England will cut interest rates sooner rather than later, expert claims
Skipton fixed-rate mortgages rates rise
RBS and NatWest cut mortgage rates
Norwich and Peterborough cuts Spanish mortgage rates
Chelsea cuts mortgage rates
Standardised mortgage rates at UCB Home Loans
Nationwide cuts mortgage rates
Mortgage rates cut further
The Mortgage Business cuts mortgage rates
Fixed mortgage and remortgage rates slashed
NandP slashes fixed mortgage rates
Mortgage rates cut by top lenders
Bank of England cuts interest rates
Mortgages remain on high rates
Nationwide BS cuts mortgage rates
Mortgage rates rose in August, study shows
Northern Rock mortgage rates reduced
USA mortgage rates edge higher again
Fixed-rate mortgage holders should watch interest rates, claims financing analyst
Mortgage rates down at Chelsea
Expert makes mortgage prediction over interest rates
Mortgage rates complicated, says Council of Mortgage Lenders
Mortgage rates increased at UCB Home Loans
Mortgage rates rise in the US
Chelsea introduces new fixed mortgage rates
Low mortgage rates for people with adverse credit problems
Another mortgage lender cuts mortgage rates
Mortgage analyst explains effect of interest rates on remortgaging
Nationwide increases mortgage rates
Rates dropped for first direct new loans
Self-certification and buy to let mortgage rates cut
Clear mortgage debt while rates are low, expert says
Buy to let mortgages match residential home loan rates
Portman announces reduced rates
Mortgage rates slashed, buy-to-let launched at Chelsea
Nationwide to raise mortgage rates
Halifax raises tracker mortgage rates
Reduced mortgage rates at Advantage
Nationwide increases mortgage rates following Bank's decision
Abbey cuts mortgage rates
Woolwich cuts mortgage rates
Abbey offers advice on remortgaging and remortgage rates
Blackburn tops mortgage rates table, say RBS offset mortgage
Competitive mortgage rates offered by Bradford and Bingley
Interest rates to go up, expert predicts
Nationwide announces new rates
NAEA "relieved" at BoE rates hint
The Pru cut rates on flexible lifetime mortgages
Inflation could drive mortgage rates up
Find mortgage rates that are competitive at CandG
Mortgage rates should fall, expert claims
Fixed mortgage rates more competitive, says advisor
Financing analyst claims 100 mortgage lenders yet to alter rates
Mortgage lenders ease rates
Remortgage rates prompt market growth
Cheshire BS cuts mortgage rates
Abbey shakes up mortgage rates
Kensington Mortgages cuts rates for self-employed
Mortgage rates decrease at Co-operative bank
Another lender cuts mortgage rates
Increasing mortgage rates a likelihood
Lifetime mortgage rates reduced
Mortgage lenders cut mortgage rates
Mortgage lenders raise rates
The influence of interest rates on the mortgage market
CBI: Difficult rates decision ahead
Financial services provider cuts tracker mortgage rates
Mortgage rates cut on homes and casas at Norwich and Peterborough
SVR mortgage rates could rise
Strong mortgage market will bank resist interest rates increase
Abbey raises tracker mortgage rates
Woolwich cuts mortgage rates
New mortgage rates offer glimmer of hope
More opting for fixed mortgage rates
Mortgage borrowers cautious about fixed-rates, says expert
Remortgage rates cut at Abbey
Poor credit mortgage rates cut
Governor gives indication about future cuts in interest rates
Cash prize if mortgage borrowers can find better mortgage rates
Mortgage rates inch up
Mortgage rates reduced at UCB Home Loans
Alliance and Leicester announces new fixed mortgage rates
Daily rates from mortgage lenders save money, says Halifax
Interest rates could hit 7.5 per cent, mortgage borrowers told
Mortgage lenders increase rates
Alliance and Leicester raises mortgage rates
Interest rates to fall, expert predicts
New fixed rates for Nationwide mortgages
Yorkshire BS cuts mortgage rates
Chelsea cuts mortgage rates
Chelsea cuts mortgage rates
Lifetime mortgage rates cut at Saga
NandP reduces fixed mortgage rates
Mortgage rates slashed for first time buyers
Headline mortgage rates not necessarily best deal
Competitive mortgage rates offered by Newcastle
Rising interest rates should be a call to action for those with a mortgage
Mortgage lender cuts Freestyle mortgage rates
Chelsea introduces new remortgage rates
Climbing rates for subprime mortgage borrowers
Alliance and Leicester cuts mortgage rates
Alliance and Leicester cut rates for prime mortgages
BoE expected to freeze interest rates
Mortgage lender raises rates
Fixed mortgage rates cut at Bank of Ireland
Interest rates influence mortgage levels
Borrowers focus on interest rates
Borrowers look to fixed-rates
Mortgage lender cuts fixed mortgage rates
Mortgage lenders increase interest rates on trackers
Nationwide increases fixed-rate mortgage rates
Mortgage rates price key workers out of market, figures show

Link to this page

mortgages news
Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010
Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010
Skipton launches new mortgage range - Wed, 01 Sep 2010
More News