Clayton Shipton, managing director at CLS Money, said although products have dipped in the past few months due to lenders being unable to value properties at higher LTVs, he hoped there would be a “big jump in products coming back to the market” when valuers are able to return to work.
Residential mortgage market analysis | |||
Product numbers | Mar-20 | May-20 | Difference |
Product count (all fixed and all variable, all LTVs) | 5,222 | 2,566 | -2,656 |
Two-year fixed rate (75% LTV) | 291 | 201 | -90 |
Two-year fixed rate (90% LTV) | 294 | 24 | -270 |
Two-year fixed rate (95% LTV) | 137 | 11 | -126 |
Five-year fixed rate (75% LTV) | 293 | 196 | -97 |
Five-year fixed rate (90% LTV) | 269 | 26 | -243 |
Five-year fixed rate (95% LTV) | 142 | 11 | -131 |
Average rates | Mar-20 | May-20 | Difference |
Two-year fixed rate (all LTV’s) | 2.43% | 2.09% | -0.34% |
Two-year fixed rate (75% LTV) | 2.29% | 1.97% | -0.32% |
Two-year fixed rate (90% LTV) | 2.57% | 2.40% | -0.17% |
Two-year fixed rate (95% LTV) | 3.26% | 3.36% | 0.10% |
Five-year fixed rate (all LTV's) | 2.74% | 2.35% | -0.39% |
Five-year fixed rate (75% LTV) | 2.56% | 2.20% | -0.36% |
Five-year fixed rate (90% LTV) | 2.91% | 2.65% | -0.26% |
Five-year fixed rate (95% LTV) | 3.58% | 3.62% | 0.04% |
Source: Moneyfacts Treasury Reports. Data correct as at 1st day of the month | |||
chloe.cheung@ft.com
