Mortgage rates in the UK have fallen to their lowest level since the 2022 mini-Budget.
Selected rates from a range of lenders have now dropped below 4%.
This week Co-op Bank will cut rates by up to 1.26 percentage points, releasing a two-year fixed mortgage at 3.85% for existing customers.
Financial data analyst Moneyfacts said the average rate on a two-year fix had fallen from 6.04% at the start of December to 5.83% on Friday, and the average five-year fix from 5.65% to 5.46%.
