Mortgages

Average 2-year fixed back below 7%

Mortgage borrowers have not had much to be happy about in the last few months as rates have continually soared. Just ten days ago the average fixed rate mortgage peaked at a rate of 7.08%, its highest in over a decade

Proposed merger of Abbey and Alliance & Leicester

Proposed merger of Abbey and Alliance & Leicester. The merger of these two high street names will likely briefly bring increased confidence to the industry. However, it will also bring further reduction in consumer choice, which is already under pressure and has seen significant reductions, particularly in the mortgage market.