Mortgage rates fall

THE average five-year fixed mortgage rate has dropped below 6% for the first time in seven weeks, according to analysis.

Mortgage lenders are offering 5.95% on average for a five-year fixed-rate deal, Moneyfacts.co.uk found.

The average two-year fixed-rate mortgage remains above 6%, at 6.13%.

Mortgage rates rocketed amid market turmoil after the mini-budget in September.