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The Independent UK
The Independent UK
Business
Vicky Shaw

Boost for homeowners as average UK mortgage rate hits ‘turning point’

Moneyfacts Liz Truss United Kingdom

The average two-year fixed-rate mortgage has dipped below 5 per cent for the first time since before Liz Truss’s mini-budget in September 2022, according to financial information website Moneyfacts.

On Wednesday, the average two-year fixed homeowner mortgage rate was recorded at 4.99 per cent, down from 5.00 per cent the previous working day.

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