Evening Standard - Lucky borrowers helped by raft of new mortgage rate cuts on Friday 13th
A new wave of fixed mortgage rate cuts is on the way for lucky borrowers on Friday 13 as home loan costs continue to fall.
Some of the UK's largest mortgage lenders including TSB, Nationwide and HSBC are lowering their rates tomorrow in the latest flare up in the mortgage price war.
Aaron Strutt, product director at brokers Trinity Financial said: ”This is a pretty decent time to be applying for a mortgage given the scale of rate cuts we are seeing at the moment. “After the mini budget many people thought it would be a lot longer before we saw so many sub-4% rates again.
“Funding costs have come down and lenders are finally passing on the price reductions. Many of the banks and building societies are not as busy as they would like to be and they are lowering their rates to increase demand."
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