Skip to content
Monday 31 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,824.26
+0.29%
DAX
26,258.11
-1.17%
CAC 40
8,334.50
-0.79%
STOXX 50
6,420.16
-1.01%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Wednesday 29 September 2021 1:15 pm  |  Updated:  Saturday 30 October 2021 3:39 pm

Spoilt for choice: Mortgage deals below 1 per cent skyrocket 400 per cent in just three months

By: Michiel Willems

Add as a preferred source on Google
Mortgages
A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”. 

Mortgage deals with rates below 1 per cent have skyrocketed by more than 400 per in the last three months, according to new research.

In June, just 10 deals with rates below 1 per cent were available, MoneySuperMarket found.

But by September, there were 50 mortgage products on the market with rates below 1 per cent – of which 16 can be used by first-time buyers.

Back in April, MoneySuperMarket found no mortgage products available with rates below 1 per cent.

With concerns about prices of goods rising generally, taking out a new mortgage deal on a lower rate could help some households to lower the cost of their regular payments, depending on individual circumstances.

Jo Thornhill, money expert at MoneySuperMarket, said: “Just six months ago, securing a mortgage rate of 1.5 per cent to 2 per cent would have been viewed as a real success but the past four months have seen borrowing get even cheaper.

“Mortgages haven’t been this cheap for many years and the great news is that it’s not just re-mortgagers with low loan to value (LTV) ratios that can benefit: there are some great deals available for first-time buyers and home movers too.”

She suggested people searching for a mortgage should shop around and consider repayments carefully to make sure they are affordable.

She added: “Try to build as big a deposit as possible as a large deposit can open the door to lower interest rate deals.”

Read more

Mortgage rate hikes cost London homebuyers £35,000

Street scene with historic London row houses, parked cars, crosswalk, and a red mailbox under a blue sky

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Morning Wire Content
  • Property

Related Topics

  • London business

Trending Articles

  • Pensioners to hand over bank statements in government benefits crackdown

  • Jaguar reveals the Type 01’s screen-free interior

  • Jamie Carragher: HMRC petitions for Sky Sports star to be declared bankrupt

  • City firms mandate phone and face-to-face comms bootcamps for Gen Z lawyers

  • Jamie Vardy bags Bundesliga rights as he steps up streaming war with Neville and Lineker

More from Morning Wire

  • Mortgage rate hikes cost London homebuyers £35,000

    Property
    Street scene with historic London row houses, parked cars, crosswalk, and a red mailbox under a blue sky
  • House prices suffer biggest August slump in eight years 

    Property
    Aerial view of colorful residential houses built on a hillside, nestled among green trees, representing housing markets
  • House prices in wealthy London boroughs fall by up to £300,000

    Property
    Waverton Investment Management and London & Capital combined into W1M.
  • As it happened: FTSE 100 falls but Nasdaq soars after Nvidia sales boom

    FTSE 100 Live
    Smiling man with gray hair and glasses in a dark suit and blue tie, speaking at an event.
  • Housebuilder Bellway calls for ‘immediate’ cut to stamp duty

    Property
    Barratt Redrow said it remained "confident" in its medium-term target of 22,000 homes a year.
  • Metro Bank profit jumps as it bucks branch closure trend

    Banking
    Metro Bank logo on a blue sign above a modern building entrance with reflective windows
  • Barclays in legal battle with MFS administrators over part of £160m holding

    Banking
    Barclays bank exterior with logo as it announces mortgage rate cuts amidst upcoming interest rate decision.
  • Housebuilder shares rally on Iran war peace hopes and help-to-buy revival

    Property
    Construction worker in high-visibility vest on a new house roof with red tiles, surrounded by scaffolding.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook