HOLLY MEAD | DEPUTY MONEY EDITOR
We’d all prefer a 1 per cent mortgage, but good news is good news
The Sunday Times
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Narrated by Holly Mead
The mortgage market provided some reason to be cheerful in a week that is otherwise surely one of the bleakest of the year.
Lenders, who are competing for business and confident that the Bank of England’s base rate has peaked, are vying for your custom.
On Wednesday we saw a five-year mortgage rate from a leading lender (HSBC) at below 4 per cent — the first since May — and the first sub-4.5 per cent two-year deal since June.
Just four months ago, the best two-year fix was almost 6 per cent.
Yes, as Storm Henk wreaked havoc across the country and millions of commuters dragged themselves back to the office, at least mortgage rates were falling.
This will undoubtedly be a relief to the
