Average mortgage rate remains historically low

Average mortgage rate remains historically low

We take a quick look at the cost of borrowing

  • The cost of borrowing remains historically low according to new data released by the Bank of England, the average mortgage rate just 2.09%.
  • This rate has remained unchanged since the start of 2021, with gross mortgage lending in March hitting its highest ever monthly total at £35.6 billion.
  • Mortgage approvals remain over 20% higher than the long term (5 year average), as interest in moving home continues.
  • The Bank of England Monetary Policy Committee voted unanimously on 5 May to maintain rates at 0.1%. The next meeting is tomorrow 16th June.
  • Source: Dataloft, Bank of England


Get in touch with us

Most homeowners would like to sell their homes for as much money as possible, and the best way to do that is by attracting potential buyers to come for a viewing. Could the key to a successful sale be before a viewer has even stepped inside??

You may have seen property gurus filling up your social media feeds with tales of how they bought a number of properties without using any of their own savings, and now they have retired at the age of 32 with a portfolio worth £10m. And of course, for the princely sum of £997, you can learn how to do this too.

Discover this charming character-filled former farmhouse, offering spacious family living with three double bedrooms, stunning fireplaces, and exposed beams. Set on a generous half-acre plot adjoining farmland and close to Old Buckenham Country Park, this delightful home enjoys a desirable west-facing side aspect—perfect for enjoying the sunshine.

In today’s Attleborough property market, the Bank of Mum and Dad is more influential than ever. For many first-time buyers, parental help isn't just support — it’s essential. But is this generosity, or a sign of deeper issues in our housing system?