Financial Times - Nationwide first big lender to offer sub-4% mortgage deal in months
Nationwide has become the first large lender in months to offer a 5-year mortgage deal at an interest rate below 4 per cent, as lower borrowing costs breathe optimism into the housing market.
Aaron Strutt, a director at broker Trinity Financial, said lenders were offering lower rates to buyers because they are “still trying to stimulate the property market” and they “do not need to work quite so hard to get remortgage business”.
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