Mortgage rates at lowest ever

There has never been a better time to take out a mortgage if you look at headline interest rates, but that’s not all there is to it.

Mortgage lenders appear to be giving with one hand while taking with the other, as they drop rates to all time lows, but ramp up deal fees to the highest level ever.

In just the first few months of this year alone, the average mortgage fee has jumped by £100 to a record high of £1,522, according to analysis by

At the same time, eye-catching headline rates have plummeted. The average two-year fixed-rate mortgage for homeowners with a 40% deposit is now at 3.5%, dropping from 3.95% at the start of the year.

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