Price of UK fixed rate mortgages continues to fall

The price of fixed rate mortgages in the UK continued to fall today, but many loans for people with bad credit histories have now reached double figures.

The UK’s second biggest lender Abbey announced it was cutting the cost of its five year fixed rate mortgages, available through brokers, by up to 0.15% from tomorrow, while its two year fixed rate deals have been cut by 0.1%.