{"id":61482,"date":"2023-12-21T15:56:06","date_gmt":"2023-12-21T12:56:06","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=61482"},"modified":"2025-11-26T21:18:07","modified_gmt":"2025-11-26T21:18:07","slug":"%d8%aa%d8%b1%d8%a7%d8%ac%d8%b9-%d8%aa%d9%83%d8%a7%d9%84%d9%8a%d9%81-%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b1%d8%a7%d8%b6-%d9%84%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d8%b3%d9%83%d9%86","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/61482\/","title":{"rendered":"Borrowing costs for UK residential properties fall below 6%"},"content":{"rendered":"
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\u00a0A key measure of borrowing costs for residential real estate fell in Britain<\/a> <\/strong>fell below 6 % for the first time since June, offering a glimmer of hope that the nation's worst mortgage crisis is over.<\/p>\n

The average two-year fixed-rate mortgage fell to %5.99, driven by a double-digit hike in interest rates from the Bank of England, according to Bloomberg News.<\/p>\n

According to data compiled by Moneyfacts Group, fixed-rate mortgages for the five-year average fell to 1.5 %, also the lowest level since June.<\/p>\n

James Hyde, a spokesperson for Moneyfacts, said: \u201cRates have been falling moderately since early August due to a combination of factors including falling inflation, base rate pauses and interest rate swaps.\u201d.<\/p>\n

British households have been squeezed this year by mortgage rates at a 14-year high and stubbornly high inflation.<\/p>\n

A KPMG report released earlier this year showed that about a quarter of UK Mortgage<\/a> <\/strong>They consider selling and moving to a cheaper property due to the rise in financing costs.<\/p>\n<\/div>\n

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