The Telegraph - Mortgage price war erupts ahead of Christmas
Major mortgage lenders are cutting rates as they enter an end-of-year price war to hit sales targets.
NatWest, Santander and Barclays lowered rates last week despite expectations the Bank of England will hold its benchmark Bank Rate steady during its final decision of the year on Thursday.
Aaron Strutt, product director at Trinity Financial, told the Telegraph: "Rates have been falling in recent weeks and it seems pretty likely that we will get sub-4% rates in January. The lenders will want to have a busy start to the year and they know they will need to lower rates to tempt borrowers to take their mortgages, especially given the fierce competition between the banks and building societies."
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