Mort­gage rates show a slight fall

Kentish Gazette Canterbury & District - East Kent Property - - MONEYLIVING -

Mort­gage lenders are show­ing fresh signs of cut­ting their rates as com­pe­ti­tion heats up in the mar­ket once more. The av­er­age rate avail­able on a two-year fixed-rate mort­gage deal across all de­posit sizes fell to 2.68% in Oc­to­ber, from 2.72% in Septem­ber, ac­cord­ing to fig­ures from Money­Su­per­Mar­ket.com David Holling­worth, a spokesman for bro­ker Lon­don and Coun­try Mort­gages, says that bor­row­ers should weigh up the rate that comes with a mort­gage deal against any fee, as well as tak­ing into ac­count any perks, such as free val­u­a­tions and cash­back.

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