🏡 Mortgage Rate Update! 📉 Two-year fixed mortgage rates in the UK have dropped below five-year fixed rates for the first time since 2022 - significant news, as it indicates a return to market normality. Good news for buyers… and that includes Buy to Let investment! This shift reflects a growing expectation that we will see future base rate cuts by the Bank of England, leading to this decrease in shorter-term rates. Historically, shorter-term fixed rate mortgages have been cheaper than longer-term ones, but a high base rate coupled with market uncertainty has flipped this since 2022. Today's news suggests a growing confidence that borrowing costs may continue to decrease in the near future, making it easier for buyers to secure mortgages at more affordable rates - paving the way for a smoother and more buoyant housing market over the next 12 months. #MortgageNews #UKProperty #BuyToLet

Posted by EddiePatricio at 2025-03-26 16:19:44 UTC