16-year high in mortgage choices for UK borrowers in April; 6,307 products available, with SVR average at 8.18%.
Mortgage choice for UK borrowers reached a 16-year high in April, with 6,307 products available. The average "revert to" or standard variable rate (SVR) mortgage increased to 8.18%, prompting borrowers to seek new, affordable deals. A total of 335 deals were available for those with a 5% deposit, and 774 deals for those with a 10% deposit. The overall choice of residential products reached its highest point in over 16 years.
April 08, 2024
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