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June Peak In Fixed-rate Mortgages

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The cost of fixed-rate mortgages deals hit an eight-year high in June before falling back in July.
Figures from the Bank of England show that the average rate for a borrower with a 25% deposit was
in June, up from
in May.
That was the highest average rate for these popular types of mortgage since February 2000.
However, there has been a flurry of rate cuts from mortgage lenders in the past month, bringing down their cost.
"Lenders are starting to bring their rates down," said Aaron Strutt of mortgage brokers Chase de Vere.
"Since the Nationwide cut its rates others have been bringing their rates down too."
Mr Strutt estimates that the average two-year fix now costs
, across all lenders.

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  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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