rate on the market was two years ago this month? 0.99 per cent. Santander, TSB, HSBC and Nationwide all offered deals below 1 per cent, as long as you had equity or a deposit of 40 per cent.
Austyn Johnson, from Colchester in Essex, is a 39-year-old dad of two who works as a financial adviser for a firm that finds mortgage deals for those in the arts. Mr Johnson said that when rates first started to rise late in 2022, he thought it might be a “blip”, and he waited before acting and locking in a cheap rate.
“I will be paying £200 more a month. If a friend rings and says, ‘let’s go for lunch’, the answer is no”
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