article_snippet.sent: The mortgage market has reached a ‘watershed’ moment with the launch of the first five-year fixed rate below 2 per cent.
article_snippet.sent: New low: The mortgage market has reached a ‘watershed’ moment with the launch of the first five-year fixed rate below 2 per cent .
article_snippet.sent: Mortgage broker Andrew Montlake, of Coreco, said: ‘The breaking of the 2 per cent barrier for a five-year fix is a watershed moment and one many thought would never be seen in the UK.
article_snippet.sent: ‘The current crop of low fixed rates could help to spur more borrowers into action as more borrowers lock in before these rates disappear.
article_snippet.sent: This is an astonishing low rate for a five-year fixed rate and certainly moves the market on again after a recent lull.
article_snippet.sent: This has allowed lenders to offer even cheaper fixed-rate mortgages with more confidence.
article_snippet.sent: Charlotte Nelson, at Moneyfacts, said: ‘This 1.99 per cent deal is the first five-year fixed-rate mortgage to be launched below 2 per cent.
article_snippet.sent: ‘The competition to be the lowest in the market shows no signs of stopping and is great news for borrowers.