- The number of mortgage products available has risen to 5,338, its highest level since February 2022, and more than double the availability seen in October 2022.
- The average shelf life of a mortgage deal has stabilised, increasing to 15 days, up from lows of 12 days in July.
- Both the average two and five-year fixed rates have been falling from the start of August, currently at 6.66% and 6.08% respectively.
- It has been a busy period for lenders, as they are cutting fixed rates and launching new deals to generate business.
Source: #Dataloft, Moneyfacts, 18th September 2023
Explore Your Mortgage Options with Expert Guidance
This is all great news for those looking for a brand new mortgage, or if it’s time to remortgage. Our advice is always speak to a mortgage advisor who can give you a picture on the whole of the market out there.
If you need an up to date valuation before speaking to an advisor you can book an in person valuation or get an instant online valuation with us by clicking the link above or give us a call on 01625 617640.
