The number of mortgage products available has risen to 5,338, its highest level since February 2022, and more than double the availability seen in October 2022.
The average shelf life of a mortgage deal has stabilised, increasing to 15 days, up from lows of 12 days in July.
Both the average two and five-year fixed rates have been falling from the start of August, currently at 6.66% and 6.08% respectively.
It has been a busy period for lenders, as they are cutting fixed rates and launching new deals to generate business. Source: #Dataloft, Moneyfacts, 18th September 2023
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