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| Loan Type | Rate | APR |
|---|---|---|
| Fixed | 5.6% | 6.9% |
| Tracker | 5.64% | 5.9% |
| Discounted | 5.7% | 6.9% |
| Capped | 6.05% | 7.2% |
About this index Rates may contain points
26 Jun 2008
The mortgage market in the UK has looked better, but there are steps being taken by officials to lessen the burden on borrowers. This article talks about the current status of the mortgage market, the things being done to assist borrowers in this time of financial turmoil, and ways that borrowers can prepare themselves to go out and find the best mortgage loan for them. »
21 Sep 2008
UK housing prices are currently at a record low since the housing slump of the 1990’s. The current housing market crash has been driven by the low availability of credit for new mortgages. The low housing prices reported in the fourth quarter of 1990 were due to high levels of unemployment coupled with the high interest rates. Regardless of the reasons behind the current housing crunch, reports suggest that the cost of housing in the UK is not expected to rise any time soon. Rather, the speculation is that the prices will continue to fall on average 2% per month, making any quick recovery from this slump unlikely.»
08 Nov 2008
UK makes shocking slash to interest rates. The 1.5% cut brings the interest rates to the current level of 3%, the lowest level the UK has seen since 1955. Due to the current shift in interest rates, and the state of the UK economy, now may be a good time to consider a remortgage. »
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