Britain’s banks are re-entering the mortgage market after halting loans following last week’s financial chaos – but rates are almost 6%.
The average rate on two-year fixed deals jumped to 5.75% on Monday, up from 4.74% on 23 September, the day of the chancellor’s mini-Budget.
The increase means rates on two-year fixed deals are at their highest level since December 2008, when rates were 5.8%.
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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
