{"id":43996,"date":"2023-12-12T23:59:01","date_gmt":"2023-12-12T23:59:01","guid":{"rendered":"https:\/\/cabanesetcompagnie.com\/?p=43996"},"modified":"2023-12-12T23:59:01","modified_gmt":"2023-12-12T23:59:01","slug":"mortgage-payments-to-rise-by-240-a-month-despite-interest-rate-drop","status":"publish","type":"post","link":"https:\/\/cabanesetcompagnie.com\/world-news\/mortgage-payments-to-rise-by-240-a-month-despite-interest-rate-drop\/","title":{"rendered":"Mortgage payments to rise by \u00a3240 a month despite interest rate drop"},"content":{"rendered":"

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Homeowners are being warned that 900,000 households will see their mortgage payments rise by around \u00a3240 a month.<\/p>\n

This is despite signs that lenders are apparently reducing mortgage rates after a period of constant hikes.<\/p>\n

Interest rates have been high over the last two years as central banks have attempted to deal with inflation.<\/p>\n

Recently, Uswitch.com analysed the various interest rate reductions among major banks and building societies.<\/p>\n

These included Nationwide Building Society, Santander, HSBC, Halifax, Barclays Bank, NatWest and Lloyds Bank<\/p>\n

Read more… Homeowners to face high interest rates for foreseeable future, experts warn<\/strong><\/p>\n

Martin Lewis speaks on loans and mortgages<\/h3>\n

Get all the latest news, entertainment, sport and lifestyle updates from our dedicated American team.<\/p>\n

Follow\u00a0<\/span>Daily Express US<\/strong>\u00a0<\/span>on\u00a0Facebook\u00a0<\/span>and Twitter\u00a0<\/span>@ExpressUSNews<\/p>\n

Here is a breakdown of the mortgage rate changes among the country\u2019s six biggest lenders.<\/p>\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n
\n

\u00a0<\/p>\n<\/td>\n

\n

Rates (12th December)<\/p>\n<\/td>\n

\n

% change from 5th Dec<\/p>\n<\/td>\n

\n

% change from 14th Nov<\/p>\n<\/td>\n<\/tr>\n

\n

Two-year fixed-rate mortgage (75% LTV)<\/p>\n<\/td>\n

\n

5.22%<\/p>\n<\/td>\n

\n

-0.1%<\/p>\n<\/td>\n

\n

-0.31%<\/p>\n<\/td>\n<\/tr>\n

\n

Five-year fixed-rate mortgage rate (75% LTV)<\/p>\n<\/td>\n

\n

4.81%<\/p>\n<\/td>\n

\n

-0.03%<\/p>\n<\/td>\n

\n

-0.14%<\/p>\n<\/td>\n<\/tr>\n

\n

Two-year variable-rate mortgage rate (75% LTV)<\/p>\n<\/td>\n

\n

5.74%<\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n<\/tr>\n

\n

Two-year fixed-rate mortgage (90% LTV)<\/p>\n<\/td>\n

\n

5.79%<\/p>\n<\/td>\n

\n

-0.05%<\/p>\n<\/td>\n

\n

-0.175%<\/p>\n<\/td>\n<\/tr>\n

\n

Standard variable rate (SVR)<\/p>\n<\/td>\n

\n

7.5%<\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n

\n

-0.49%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Homeowners could save over \u00a320,000 on interest by paying just \u00a3100 each month[LATEST] <\/strong>
Fixed mortgage deals hit lowest level in six months despite high interest rates[LATEST] <\/strong><\/p>\n

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