Era of 'rock-bottom' mortgage rates is over - analysis

Darius Karpowicz of Albion Financial Advice explained: “We’re seeing some real momentum with lenders cutting rates, particularly for products with lower LTVs.

“I expect we’ll soon see more significant changes in the higher-LTV, lower-deposit space too.

“While many borrowers are starting to accept that the era of rock-bottom rates is over, there’s still a group hoping those super-cheap rates will return.

“And then there’s the minority, like me, who think it’ll be a very long time before we see mortgage rates starting with a one or two again.”