Interest rates on home owner loan and mortgage products from UK banks and building societies have steadily been getting cheaper over recent years and the last few months in particular, to the point where loan rates have now reached their lowest average level for the past six years, according to figures from the Bank of England. A new survey from Countrywide has shown that the typical cost of a home owner loan has fallen by 2.41 per cent over the course of the past three years, to reach an average low loan rate figure of 3.71 per cent, the lowest since September 2008.
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Borrowers Choosing Low Rate Loans
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