Number of mortgage deals in 16-year high

Published date09 April 2024
Publication titleHuddersfield Daily Examiner
Meanwhile, the average "revert to" or standard variable rate (SVR) mortgage is above 8% - making the need to find a new, less costly deal more pressing for some borrowers

Moneyfacts said the typical SVR is 8.18%, which is close to the highest level it has recorded (8.19%), in November and December 2023.

Moneyfacts' average SVR data goes back to July 2007.

The website looked at the first available day of each month for its research.

Across all deposit sizes, Moneyfacts counted 6,307 mortgage options at the start of April, including fixed and variable deals - the highest number since 6,760 were recorded in February 2008.

Within the April total...

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