New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Mortgage rates are falling, says expert
Tue, 23 Feb 2010
A personal finance expert has claimed that "times are definitely getting better" for mortgage borrowers.

Christina Jordan of lovemoney.com stated that increased competition in the UK mortgage market has created price cuts.

Indeed, recent research found that average mortgage rates for borrowers with a ten per cent deposit have fallen by a third in the last three months.

Ms Jordan explained that this trend can be partially attributed to the fact that more lenders are now offering tracker mortgages to those with just ten per cent upfront.

She added: "Another reason is simply that there are genuinely better deals across the board than there were three months ago, and particularly for those with a small deposit."

However, Ms Jordan warned that it is more expensive for them to lend at high loan-to-value ratios as the regulator requires lenders to hold more money in reserve and, consequently, they must charge more for it.

Meanwhile, it was recently revealed that first-time buyer mortgages hit a two-year peak in the final month of last year as consumers rushed to beat the end of the stamp duty holiday .

Link to this page

Copy and Paste the following HTML into your page.

Mortgage lenders

Browse mortgage lender offersMortgage Rates by Lender

  • Browse current mortgage offers from over 90 lenders.
Browse

Worried about mortgage repayments?Worried about Mortgage Repayments?

  • Join our petition to Government to bail out burdened individuals, not just banks.
Sign the petition

Free mortgage quoteFree Mortgage Quote

Apply Here

Mortgages in Scotland Mortgages in Scotland

Read More

Equity releaseEquity Release

  • Unlock equity in your home.
Apply Here

Switching mortgagesSwitching Mortgages

Read More

Home reversion plansHome Reversion Plans

Apply Here

Commercial mortgages Commercial Mortgages

  • Commercial property loans
  • Starting a business?
Apply Here

Arrears & CCJs?

  • Remortgages
  • Sub prime mortgages
  • Arrears, CCJs
  • Self certification
  • Debt consolidation
Apply Now

Protect your mortgageProtect Your Mortgage

  • 3 months free mortgage protection cover
Apply Now

Mortgage Newsletter