Even though the UK's base rate has steadily been increasing, mortgage rates have not caught up, i.e. even though the Bank of England has increased rates, these increases have not been passed on yet to us.
Research from Moneyfacts has shown that the products that have risen the least in price over the last year, are capped rate mortgages and fixed rate loans with no tie in.
Our view
Lenders are obviously trying to keep the market ticking over. Don't forget though when rates were falling, the cuts were not always passed on.
Are we now approaching a stable market?