- 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