At 90% LTV 5-year trackers are 10% cheaper than at the start of the year, while 5-year fixes and 2-year trackers are both 1% cheaper than three months ago.
Mortgages at 90% loan-to-value have cheapened in the past three months, Mortgage Brain research has found.
At 90% LTV 5-year trackers are 10% cheaper than at the start of the year, while 5-year fixes and 2-year trackers are both 1% cheaper than three months ago.
Mark Lofthouse, chief executive of Mortgage Brain, said: “Our latest data, coupled with recent predictions that possible base rate rises are not likely until 2017, or even 2018, will be further welcome news to a lot of today’s potential homebuyers or those looking to re-mortgage.
“Our three, six, and 12 month, analysis of the most popular mainstream and buy-to-let mortgages shows considerable rate and cost reductions which means that borrowers looking to take out a mortgage today can benefit from lower monthly repayments.”
The reduction in 5-year trackers equates to a £972 annualised saving on a £150,000 mortgage compared to this time last year.
