<4%
is the current rate available on the UK’s lowest-interest fixed mortgage rates. Following the Bank of England cutting the base rate to 4.5% in early February, a number of providers have looked to stimulate the market with low-rate products. For instance, Lloyds Bank is offering 3.95% on a two-year fixed with a 40% deposit. According to Rightmove, the average two-year fixed mortgage rate is now 5.84%, down from 6.24% a year ago (when the lowest rate was 5.14%).