🔹 Average Mortgage Rates:
- Five-year fixed rate: 4.82% (weekly change: -0.03%)
- Two-year fixed rate: 5.18% (weekly change: -0.03%)
These rates are based on a 75% loan-to-value (LTV) ratio, according to Rightmove.
🔹 Market Predictions: The Bank of England’s base rate has remained at 5.25% since August 2023 and is expected to stabilize at this level through 2024, before gradually decreasing.
Brickong is a second-hand estate agent based in South London, specialising in areas such as Sutton, Kingston upon Thames, New Malden, Guildford, Epsom, and Wimbledon. Click the links for more details on our Property Buying Services or Property Renting Services.
Disclaimer: The information provided on this site should not be considered investment advice. Please evaluate and determine the benefits and risks of any investment carefully. If in doubt, seek professional advice.