End of the line for mortgage rates below 1%
The Bank of England's base rate move has all but killed off rates below 1%. Figures show the lowest two-year tracker rate on offer is now 1.24%, up from 0.99% at the start of November.
Mortgage rates below 1 per cent have all but disappeared following this month's hike in the base rate by the Bank of England.Figures from Moneyfacts show the lowest two-year tracker rate on offer is now 1.24 per cent, up from 0.99 per cent at the start of November in line with the 0.25 per cent rise.Fixed rate mortgages previously available below 1 per cent had already risen in advance of the Bank of England rate decision.This leaves just one mortgage priced below 1 per cent, a two-year disco...
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