The Mortgage Desk

Independent Mortgage & Insurance Brokers

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For mortgages: 0800 975 0222
For insurance: 0800 043 0413

The average rate on five fixed mortgages has surpassed 5% for the first time in months. The rate now matches that of January and is higher than at the same time last year when the rate was 4.56%. This means that the average monthly mortgage payment for first time buyers in the UK is 85% LTV costing £1,121 per month up from £1,065 at the same time last year.

The five year fixed term is still a much better value option than a two year so depending on your circumstances and age could still be a good option for you.

Get in touch with us today to discuss the best option for you. Call 0800 975 0222 or email us on