it was fixed the next two years, but i know my mum s just being hit by her mortgage has gone up £200. i think it s around £250 extra a month now. so it s quite an increase considering, you know, my gas, electric, has doubled as well. it s notjust those with mortgages hoping that rates begin to fall. hopefully that would increase my business and i would be a happier person because it s it s a worry. people are definitely watching their pennies this time. before anyone gets too excited, those reductions are really small and they haven t had a big impact on the market yet. in fact, at today s rates, an average two year mortgage deal will cost you 6.83% in interest. that s unchanged since yesterday. but for anyone hoping to remortgage or get a new mortgage, it s maybe the first positive signs of a downward shift. it is definitely positive news for everybody who s got a mortgage.
hopefully, that would increase my business and i would be happy a happier person because it sjust it s a worry. people are definitely watching their pennies this time. before anyone gets too excited, those reductions are really small and they haven t had a big impact on the market yet. in fact, at today s rates, an average two year mortgage deal will cost you 6.83% in interest. that s unchanged since yesterday. but for anyone hoping to remortgage or get a new mortgage, it s maybe the first positive signs of a downward shift. it is definitely positive news for everybody who s got a mortgage. sadia says they re still seeing plenty of house sales here at the moment but there has been a change over the last year. people are under offering on property prices, their mortgage payments are going to be higher, so they have to take that into account. so it s definitely a buyer s market. some of those faced with higher mortgage rates have begun to struggle more.
news? . , ., , ., ., ., news? certainly a situation that the uk housin: news? certainly a situation that the uk housing market news? certainly a situation that the uk housing market has news? certainly a situation that the uk housing market has really - news? certainly a situation that the uk housing market has really been | uk housing market has really been under pressure. the activity in the housing market has been falling and so what lenders are doing is trying to pick up some custom. as a result they are cutting some rates. some of they are cutting some rates. some of the biggest lenders, the biggest, halifax, cutting its rates by up to 0.71 percentage points. other lenders too, hsbc, nationwide, also making cuts. is it good news? maybe it s a case of less bad news for homeowners because they will be looking at their previous mortgage deal, and that would have been a lot cheaper in terms of repayments. now it s a case of when they come to re knew their mortgage, and hundreds of
before anyone gets too excited, those reductions are really small and they haven t had a big impact on the market yet. in fact, at today s rates, an average two year mortgage deal will cost you 6.83% in interest. that s unchanged since yesterday. but for anyone hoping to remortgage or get a new mortgage, it s maybe the first positive signs of a downward shift. it is definitely positive news for everybody who s got a mortgage. sadia says they re still seeing plenty of house sales here at the moment but there has been a change over the last year. people are under offering on property prices, their mortgage payments are going to be higher, so they have to take that into account. so it s definitely a buyer s market. some of those faced with higher mortgage rates have begun to struggle more. today, we ve heard that this spring,
advantage of borrowing that money, and interest rates charged, that interest rate less operating costs is then paid back to savers as a reward for providing those deposits. so it is not quite a like for like comparison as you would describe. it is more about, as i say, balancing the amount charged to borrowers versus the amount to reward savers, very conscious that most of us are facing cost of living pressures. does it sound reasonable to you that the average rate for a two year mortgage deal is at 6.47% but the average easy access savings rate is at 2.45%? there is a difference of 4.02 percentage points. does that seem reasonable when you re talking about how the banks are balancing? well, i think we have to sort of break that down a bit because we really need to compare apples with apples rather than with pears. if i was to say a two year fixed mortgage rate with a two year savings bond,