Mortgage rates have fallen for the first time in two months following better-than-expected inflation figures. Rates on both two and five-year fixed deals have dropped on hopes that the Bank of England may not raise interest rates as much as previously thought. The rate of...

A typical five-year fixed mortgage deal now has an interest rate of more than 6%. It comes after the Bank of England raised interest rates to a 15-year high of 5% last month, as it tries to bring down inflation. Mortgage lenders have been increasing rates and withdrawing deals...