The following article is great news for the mortgage industry, especially for consumers who are looking for the best fixed rate mortgage deals. http://www.bbc.co.uk/news/business-21381921 The five year fixed rate deals mentioned in the article are for homeowners with very large equity holdings in their property. Borrowers with deposits of between 10 and 20% will start receiving benefits in the near future as the market reacts to these changes and competitors feel more confident to lend to borrowers with smaller deposits.
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