The number of lenders offering sub-1% mortgage products
has increased from just 1 in March to 12 by July, according to analysis by
Trussle. Its data shows that there are now 86 deals with an interest rate of
0.9% or lower. Two-year fix rates are the most popular term type for sub-1%
products, with 74% of leads coming from remortgage customers. Despite the
growth in sub-1% products, just 2% of all enquiries to Trussle were for these
types of mortgages in July. Read more on the Financial Reporter website.
https://www.financialreporter.co.uk/mortgages/number-of-sub-1-mortgage-deals-rises-to-86.html
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