17 juillet 2024 In Non classé

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Lenders could see this as an opportunity to grab greater market share with lower rates, boosting business in the run up to the New Year. Deals at 90percent loan to value have been slashed by up to 0.3 percentage points and start from 5.09percent for a five-year fix. These households will see their monthly mortgage payments rise by more than 500. Of these borrowers, 20percent will see monthly payments rise by more than 1,000. The latest round of cuts come less than a week before the Bank of England next meets to decide on interest rates, which are currently at 5.25percent. An equivalent deal at 70percent loan to value (requires at least 30percent equity in the property) will fall to 4.69percent.

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