Why Price Is Right for Molly, Who has Fixed for Two Years ; Finance

Summary

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The number of mortgage deals may have slumped by more than 90 per cent since the start of the credit crunch, but for all the talk of 'mortgage drought' there are still 2,000 different rate and fee combinations on offer from more than 80 High Street, telephone or online lenders. So how can borrowers be certain that they've chosen a good deal? Today we publish the average interest rates across a range of popular mortgage types so recent buyers, home-movers or remortgage borrowers can see if their choices are cheaper or costlier than they could be.

For borrowers who are choosing a deal for the autumn, we also list the lenders who can beat these averages. TWO-YEAR FIXES: These are some of the most popular choices - even though most experts have argued that longer-term fixes make more sense. The average two-year rate today is 5.15 per cent.

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Extract

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Why Price Is Right for Molly, Who has Fixed for Two Years ; Finance

If you think rates may rise before the end of 2011 and still want a two-year fix, then you can beat the average with deals from First Direct (3.49 p...

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