Blog Post

Average mortgage rate remains historically low

TomS - Head Tom Simper May 8, 2021, 11:00 AM
222_Dataloft_Low_mortgage_rates-01-01

The cost of borrowing remains historically low according to new data released by the Bank of England, the average mortgage rate just 2.09%.

This rate has remained unchanged since the start of 2021, with gross mortgage lending in March hitting its highest ever monthly total at £35.6 billion.

Mortgage approvals remain over 20% higher than the long term (5 year average), as interest in moving home continues.

The Bank of England Monetary Policy Committee voted unanimously on 5 May to maintain rates at 0.1%. The next meeting is 16 June. Source: Dataloft, Bank of England

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Abbey was very polite, helpful and informative, very professional."

- Robert

"Very polite and helpful"

- Daniel

"Wouldn't hesitate in recommending Peter Anthony for any of my requirements when it comes to a home"

- Craig

"I honestly can’t sing the praises of the Liverpool branch any higher"

- Phoebe

"The staff at Peter Anthony could not have been more helpful. The team are well led by Gill."

- Steve

"I was happy it was clean and painted and well presented, felt very welcoming."

- Sarfraz Ali

"I found Sean to be an understanding and friendly guy"

- Mike

"I would highly recommend Gill and the team"

- Isabelle