What are mortgage rates in the UK?? Here in the US, you can still get rates in the 6-6.5% range. However, if you have a credit score of less than 700, you can forget about getting any credit.
If you shop around and are happy to pay a fee of around £1000 (which in most cases gets added to the mortgage) you may get something like a 5.89%. Two years ago I could have offered a 4.99% with only a £500 fee and the difference on a £150,000 mortgage would approximitely be £90/month.
I'll spare you all with how a 5.89% with £1000 is more expensive than a 6.19 with no fee over 2 years.
