Category: Remortgaging
This is because the difference between the current SVR and average 2-year fix of two years ago has fallen.
This follows the FCA flexing its affordability rules to help mortgage prisoners.
TSB has cut rates and withdrawn products.
The society has updated its lending criteria, increasing the LTV for its shared ownership products.
Experian found more borrowers are looking to remortgage onto fixed rate deals.
MoneySuperMarket found people were unsure of what the term remortgaging means.
Santander’s lowest 5-year fix is priced at 1.49% and available up to 60% LTV.
The product is for seven networks and directly authorised brokers.
The range includes purchases, remortgages and shared ownership.
Mortgage prisoners are those who want to remortgage but who find themselves trapped in their current deal.