Lenders have been steadily cutting rates since the end of summer 2014, and the current crop of fixed rates now includes the lowest we’ve ever seen – with five year fixed rates available from 1.99% – there has never been a better time to fix as the table below demonstrates.

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Mortgage rates for borrowers with smaller deposits have fallen too,  which could bring a much needed boost to first time buyers and those struggling to get on the property ladder.

Steve Padgham Head of Mortgages at FPG said; “There has never been a better time to review your mortgage arrangements to ensure you maintain the best possible deal at all times”

Remember, here at The Financial Planning Group, we are able to secure a mortgage deal six months ahead of your current deal ending, which makes it possible for our clients to reserve the best rates – regardless of what the market does in that period.

To speak to Steve about your property finance or mortgage requirements, call him on 020 8614 4782, or e-mail steve.padgham@fpgonline.co.uk.