Soaring house prices could see thousands eligible for lower mortgage rates

Soaring house prices in the past two years mean that thousands of recent homebuyers are unexpectedly eligible for lower mortgage rates, it has been claimed (PA)

Soaring house prices in the past two years mean thousands of recent homebuyers are unexpectedly eligible for lower mortgage rates, it has been claimed.

More than 90,000 homeowners drew down mortgages in the three years from 2018 and 2020 and could now be entitled to switch to better rates for their properties.