The Latest Breaking News from Moneyfacts

Average two-year fixed-rate mortgage edges close to 6%

A typical two-year fixed-rate mortgage on the market now has a rate of 5.97%, across all deposit sizes, Moneyfacts said.

The Independent UK · Oct 4, 2022

UK mortgages: average rate on a two-year fixed deal soars to nearly 6%

Government’s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage deals

The Guardian - UK · Oct 4, 2022

Buy-to-let landlords facing financial cliff edge after mini-budget

Mortgage market meltdown has left many amateur landlords facing a stark choice: to raise rents or sell up

The Guardian - UK · Sep 29, 2022

Nearly 1,000 mortgages disappear from the market overnight after mini-budget

There were 2,661 mortgage products on the market on Wednesday, down from 3,596 on Tuesday. Many mortgages for new customers have been pulled from the market as banks adjust to the mini-budget.

Wales Online · Sep 28, 2022

‘Record overnight drop’ in choice of mortgages amid ongoing economic fallout

Last night’s fall was around double the previous record seen during the first coronavirus lockdown.

Evening Standard · Sep 28, 2022

‘Record overnight drop’ in choice of mortgage products

The fall was around double the previous record seen during the first coronavirus lockdown, Moneyfacts said.

The Independent UK · Sep 28, 2022

What the current financial climate really means for homeowners and buyers according to a Welsh mortgage broker - and his one piece of advice

One broker in south Wales said he's been "flat out with people panicking" since the Bank of England announced rates were going up

Wales Online · Sep 27, 2022

Nearly 300 UK mortgage deals pulled in a day as pound’s fall heralds rate rise

Santander, HSBC, Bank of Ireland, Clydesdale and building societies among those to withdraw products

The Guardian - UK · Sep 27, 2022

Savings accounts to receive boost as rates rise to highest levels in almost a decade

The average rates being offered on some savings accounts have reached their highest level in nearly a decade according to Moneyfacts.co.uk - and there's a wider choice of savings products available

Daily Mirror · Sep 13, 2022

More than 500 mortgage deals vanish from the market in the space of a month

Despite the selection of mortgage products narrowing, it could still be worth borrowers seeing if they could get a cheaper deal, Moneyfacts said.

The Independent UK · Sep 12, 2022