Moneyfacts resi rates rise while product availability falls Mortgage Strategy

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Average rates have risen on all residential mortgages over the seven days to 9 June, according to Moneyfacts.

For two-year fix all LTVs the rate has increased from 5.67% to 5.83%. For two-year fixed 95% LTV the average rate has risen from 6.2% to 6.36%.

There is an increase for two-year fixed 90% LTV from 5.78% to 5.97%; for 85% LTV there is an increase from 5.72% to 5.89%; and for 65% LTV two-year fix the rate has increased from 5.89% to 5.82%.

For a three-year fixed 95% LTV the average rate has jumped from 5.96%  to 6.12% and for a 75% LTV from 5.47% to 5.51%.

The average rate of increase on a five-year fixed with a 95% LTV has risen from 5.56% to 5.65%; and for a five-year fix with a 75% LTV the rate has increased from 5.35% to 5.46%.

In terms of residential mortgage availability, Moneyfacts shows that the number has fallen markedly over the month – from 5,264 at the beginning of May to 5,056 on 9 June.


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