Financial Times - More lenders cut mortgage interest rates
Competition in the mortgage market intensified this week as lenders cut interest rates across a range of products.
Nationwide, Halifax, the Woolwich, Skipton Building Society and Coventry Building Society brought out more attractive deals in what brokers said was a sign of their confidence in the economy combined with a race to meet internal lending targets.
Aaron Strutt, product manager at broker Trinity Financial, told the Financial Times that mortgage borrowers should expect further deals to appear into the autumn. “Some of the banks have said their rates are going to get better to hit their lending targets,” he said.
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