Related topic: Mortgage rates

The decline comes as the average interest rate paid on newly drawn mortgages increased from 4.45% in July to 4.60% in August.

As part of the changes, West One has introduced a new credit tier, Premier Plus, for purchase, remortgage and shared ownership customers.

The new range includes products suitable for single dwelling properties and HMOs and MUFBs with up to six bedrooms or units.

The Society has also introduced new three-year fixed rate products to its LTI Booster range at 90% LTV.

The mortgage industry backed a stamp duty cut and further innovation for first-time buyers in the Autumn Budget as affordability continues to bite.

Bank Rate hasn't moved since March, yet the average two-year fix is almost 0.9 percentage points higher. James Lucas, director at Barcadia Media, says for clients waiting on November's...

Lower rates ranked fourth when movers were asked what would most encourage them to move, behind certainty that a sale will actually complete.

The Society has reintroduced a range of residential and buy-to-let fixed rates following their temporary withdrawal due to swap rate volatility.

A second round of mortgage rate increases has been made by major banks for the second time since the start of September.

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage.