The Telegraph - Mortgage rates slashed below 4pc in fresh price war
The majority of Britain’s largest mortgage lenders are now offering rates of less than 4pc in a boost for borrowers.
HSBC, Barclays and Halifax have also announced sub-4pc deals in recent days.
The move has intensified a mortgage rate war between providers. Soon after the news, Nationwide announced it was slashing rates down to 3.83pc for loans of over £300,000 with a £1,499 fee – and to 3.88pc with a £999 fee for other loans.
Aaron Strutt of brokers Trinity Financial told The Telegraph: “While the five-year year fixes are the cheapest deals, many borrowers are still opting for two-year fixes because they expect rates to come down and the Bank of England to lower the base rate again over the coming months.
“A few lenders also offer more generous loan sizes when you take a five-year fix so many borrowers are pretty much forced to take them.”
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