Why mortgage rates are lower in UK

UK retail banking customers enjoy the benefits of a highly competitive market which has seen aggressive pressures on mortgage pricing, personal loan pricing, and savings rates.

Why mortgage rates are lower in UK
Mon, 20 May, 2019 - 07:45
John Cronin

UK retail banking customers enjoy the benefits of a highly competitive market which has seen aggressive pressures on mortgage pricing, personal loan pricing, and savings rates.

To put this into context, the average two-year fixed mortgage rate has fallen to under 2.5% while the average five-year fixed mortgage rate is materially below 3%.

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CourtsMortgage lendingPlace: UKPlace: IrelandPerson: MarcusPerson: John CroninOrganisation: Bank of EnglandOrganisation: UK Competition and Markets AuthorityOrganisation: BarclaysOrganisation: HSBCOrganisation: LloydsOrganisation: RBSOrganisation: Santander UKOrganisation: Nationwide Building SocietyOrganisation: ParagonOrganisation: OneSavingsOrganisation: MonzoOrganisation: StarlingOrganisation: Metro BankOrganisation: Goodbody
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