The i - Five of big six mortgage lenders now have sub-4% rates as NatWest and Halifax cut
All but one of the UK’s biggest mortgage lenders now offer at least one home loan below 4 per cent after Halifax and NatWest cut rates on Tuesday (22 April) and Nationwide announced cuts from Wednesday (23 April).
Brokers say that now could be the time for those coming to the end of their mortgage deal to lock in a new fixed rate.
Aaron Strutt of Trinity Financial said lenders were trying to attract business after the stamp duty hikes at the start of the month, which was why the cuts were more dramatic for those buying properties rather than existing owners looking to remortgage.
“We are seeing remortgage cuts too, but that’s a captive market, so the lenders can charge a little bit more. With the new buyer market, you sometimes need to try and attract those borrowers,” he said.
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