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The average rate for a two- and a five-year fixed rate mortgage across all LTVs both moved up by 13 basis points this week, Moneyfacts data shows. The former ended the week at 4.66% and the latter, 4.67%. Meanwhile, the average rate for a three-year fix increased by 7 basis points, to 4.90%, while the average rate
Most fixed rates rose in price this week, Moneyfacts data shows, with the 10-year fix increasing the most, by 14 basis points to 4.35%. Meanwhile, the average rate for a two-year fix wasn’t too far behind, pushing up 10 basis points to 4.27% and the average rate for a five-year fix rose by 9 basis points, to 4.36%.
Family Building Society has appointed Amar Mashru as business development manager for Central London. Mashru has 20 years’ experience in the mortgage and banking sectors, including roles at Sainsbury’s Bank and Harrods Bank. He was most recently at Furness Building Society where he was a BDM managing key accounts,