BBC News - Some mortgage rates cut below 4% as competition picks up
Two major lenders launched mortgage deals on Thursday with interest rates of less than 4%, as competition picks up in the sector.
The prospect of further cuts in the base rate by the Bank of England has given mortgage providers confidence to reduce their own rates.
"Borrowers have been crying out for better mortgage rates and we are starting to see them," said Aaron Strutt, of broker Trinity Financial.
"If your mortgage is coming up for renewal soon and you have already selected a new deal, it is a good time to review it and potentially swap to a better rate."
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