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More deals under 4% are now on the market for those wanting to become home owners following the Bank of England's decision to cut interest rates but overall mortgage rates actually went up slightly this week.
The average rate on a two-year fixed deal this week stood at 5.95%, higher than last week's 5.94%, while rates for a five-year deal came in at 5.39%, also higher than the previous 5.29%, according to figures from Uswitch.
The Bank of England cut interest rates to 5% at its August Monetary...
>>> Read more: Best UK mortgage deals of the week
The average rate on a two-year fixed deal this week stood at 5.95%, higher than last week's 5.94%, while rates for a five-year deal came in at 5.39%, also higher than the previous 5.29%, according to figures from Uswitch.
The Bank of England cut interest rates to 5% at its August Monetary...
>>> Read more: Best UK mortgage deals of the week
