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UK April Average Mortgage Rates Appreciated Across the Board, Says BOE |
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European Economy |
Written by CEP News |
May 12 08 17:18 GMT |
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(CEP News) London - UK's average quoted mortgage rates for April increased across the board, according to figures published on the Bank of England's website on Monday.
It states that two-year fixed rates for loan-to-value UK mortgages with 5% deposit rose to 6.94% by April-end from 6.6% in March, the highest rate of appreciation since February 2000. Concurrently, conditions for borrowers able to contribute towards a larger initial deposit also tightened, with two-year fixed rates for 75% loan-to-value mortgages rising to 6.08% in April from 5.8% in March. By Gaurav Sharma,
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, edited by Cristina Markham,
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