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Thriving Choice of Small-Deposit Mortgage Options - Moneyfacts

Moneyfacts is reporting that there’s what it calls a “thriving choice” of mortgage options. 

Its latest UK Mortgage Trends Treasury Report shows the number of deals at 95 per cent loan-to-value has risen to 254, its highest point since before the disastrous Liz Truss mini-Budget. 

The number of options at 90 per cent LTV rose month-on-month and stands at its highest count - 709 - since February 2022.


Product choice overall rose month-on-month, for a fourth consecutive month, to 5,678 options, the highest level of availability in over 15 years. The last time there were more deals available was March 2008 when there were 6,192 products.

The average shelf-life of a mortgage product rose to 20 days, which is its highest since June 2023 . This has now increased for four consecutive months from a low of 12 days in July, which was the shortest average shelf-life on Moneyfacts’ records.

Average fixed mortgage rates across all LTV tiers on two- and five-year fixed rate deals fell for a third consecutive month.

The overall average two- and five-year fixed rates fell between the start of October and the start of November, to 6.29 and 5.86 per cent respectively. The average two-year fixed rate stands at 0.43 per cent higher than the average five-year equivalent, a narrower gap than the 0.50 per cent difference last month.

The average ‘revert to’ rate or Standard Variable Rate rose once more. At 8.19 per cent, this rate is at the highest level on Moneyfacts’ electronic records (starting July 2007).

The average two-year tracker variable mortgage rate fell month-on-month to stand at 6.15 per cent.


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