The Telegraph - Mortgage rates fall across the board
The Telegraph reports three of Britain’s biggest mortgage lenders have cut rates on the back of better-than-expected data last week.
Nationwide, one of the country’s biggest lenders, said it would reduce fixed mortgage rates by up to 0.35 percentage points on Friday. TSB announced a drop of up to 0.55 points on its two-year purchase and remortgage products from Friday, while Barclays lowered its rates by up to 0.15 points on Thursday.
Aaron Strutt, of broker Trinity Financial, explained to The Telegraph it was increasingly likely other lenders would follow suit as they fight for business, although Santander raised its fixed rates on some of its loans by up to 0.36 percentage points on Monday.
He added: “Swap rates have been coming down and the market is predicting that interest rates won’t go up a huge amount more, but we’ll have to wait and see.”
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