Jack Tuck
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Estate Agents in West Essex & East London. I dedicate to a select few to focus on a bespoke and ultra-personal service.
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Jack can give you an accurate property valuation

Receive an accurate home valuation and market appraisal from an experienced property proffessional

You could be pleasantly surprised!

Mortgage rates rise but still remain low

  • Since the start of 2022 interest rates have risen by 0.5%, however for those looking to purchase a home many mortgage rates remain attractive.
  • It is estimated over 1 in 4 households are on mortgage deals affected by changing interest rates (UK Finance), but the average 2 year variable rate published by the Bank of England is actually lower than a year ago. 
  • At 3.99% the revert-to-rate is 0.37% higher year-on-year. For those with a 25% deposit the current 10-year fixed rate is just 0.33% above the 2-year fixed rate. #
  • Back in 2008 when the base rate was last 0.75% and in 2014 when affordability tests were introduced, rates were far higher. The next meeting of the Banks Monetary Policy Committee is on Thursday 5th May. Source: Dataloft, Bank of England, For general information only. Specialist advice on investments must always be sought.

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Jack Tuck

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