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Some of the best two-year fixed mortgage rates have dropped by over 0.80% since the start of September, according to official figures today from one the UK’s most trusted source of financial product and market intelligence, Defaqto.

Katie Brain, Consumer Banking Expert at Defaqto, said: “Ahead of next week’s base rate announcement, we’re finally starting to see a more positive outlook for homeowners when it comes to mortgage rates, with lower loan-to-value five-year fixed rates also now being below 5%. The fees for the sub 5% five-year fixed rates have also dropped to normal levels in further good news.”