The number of fixed rate residential mortgages available has reached a record high, as competition among lenders remains rife.
According to data from the Moneyfacts UK Mortgage Trends Treasury report, fixed rate mortgages across most loan to value tiers surpassed numbers seen since July 2007 when records began. The past month has seen 33 fixed rate mortgage products being made available to residential buyers.
Compared with this time last year, the total number of residential mortgages available has risen by 644, from 4,570 to 5,214. Availability within the 60 per cent LTV tier increased the most in the past month, rising from 459 to 488. Meanwhile, the number of products in the 90 per cent and 95 per cent LTV tiers rose by 26 and 27 respectively between January and February…read more