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Robyn Hall
Just Retirement is going on the road over the next few months. This seminar is in London.
Area Sales Manager - Financial Services - London
North London
Mortgage Consultant / Mortgage Adviser - Fulham
South London
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Fixed rates peak in June
5 August, 2008
Bank of England figures show that the cost of fixed rate mortgages peaked in June before reducing in July.
The figures show that the average rate for a borrower with a 25% deposit was 6.6% in June, up from 6.26% in May. This was the highest average rate for fixed rates since February 2000.
However, lenders are bringing their rates down, albeit by small amounts. Nationwide, Halifax, Abbey and other providers have all cut their rates in recent weeks. The average two-year fix, with a 25% deposit, is now around 6.5% - up from 5.74% in February.
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