Some mortgage products have started trickling back on to the market – but with much higher rates – according to a financial information website, as lenders prepare to proactively contact 1.6 million customers whose fixed-rate deals will finish before the end of the year.
Moneyfacts said the average two-year fixed-rate homeowner mortgage on the market had increased from 4.83% at the start of March to 5.75% by Friday morning – the highest average rate since August 2024.
