The Telegraph - Mortgages on track to fall below 4pc as lenders announce fresh cuts
Mortgage deals are on track to fall below 4pc in a boost to homeowners, with a string of banks announcing rate cuts. The UK’s biggest lender Halifax has reduced its rates by up to 0.13 percentage points and Barclays by up to 0.33 percentage points. The bank’s five-year fixed-rate mortgage is now the cheapest on the market at 4.08pc.
Aaron Strutt of brokerage Trinity Financial told The Telegraph: “There is more positive news in the mortgage market at the moment with lots of lenders lowering their rates.
“The cheapest five-year fix is priced at 4.08pc which is great especially given the scale of rate hikes we have seen in recent months. If you have secured a mortgage rate as part of a property purchase or remortgage, it is worth checking to see if you can switch to a better deal either with your existing lender or a rival provider.”
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