A key mortgage rate has hit 4% for the first time in nine years.
The price of a new two-year fixed mortgage is now rising faster than the base rate, according to Moneyfacts. It is currently averaging 4.09%, up from 2.34% in December 2021.
The average new five-year fixed rate has reached 4.24%, a rise of 1.6 percentage points compared with December 2021, when the typical price was 2.64%.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
