UK mortgage rates falling

British mortgage rates continued to fall during September for home-owners who had large deposits, figures showed today.

Thu, 09 Oct, 2008 - 14:33

British mortgage rates continued to fall during September for home-owners who had large deposits, figures showed today.

The average cost of a two-year fixed-rate mortgage for someone borrowing 75% of their home’s value dropped from 6.08% to 5.93% during the month to reach its lowest level since March, according to the Bank of England.

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