Despite ongoing predictions of interest and mortgage rate rises, the cost of mortgages has continued to fall with new data from Mortgage Brain showing further reductions in the cost of most mainstream products over the past three months.

For the second successive quarter, Mortgage Brain’s product data analysis – a breakdown of all main product types in the UK mortgage market for a repayment mortgage, and calculated by cost per ‘£000’ -, has shown a number of costs reductions for the most popular two, three and five year residential mortgages.

The cost of a two year Fixed mortgage with a 60% LTV, for example, is now 3% lower than it was in July 2017, and offers borrowers an annualised saving of £198 on a £150k mortgage over the past three months.

Please find the full press release here: https://www.mortgage-brain.co.uk/Pdf/Press-Release/Mortgage-costs-fall-for-the-second-successive-quarter.pdf