The Times - Grab a fixed rate now, while there’s a mortgage war, borrowers are told
Financial experts urged borrowers to take advantage of a mortgage price war as Britain’s biggest lender and its sister bank became the latest to cut their fixed rates yesterday.
“Banks have a lot of money to spend,” said Aaron Strutt, of Trinity Financial.
“Regulation, recessions and a lack of demand have caused huge problems and banks and building societies are keen to take advantage of the improving market conditions, hence the fantastic rates. However, borrowers need to be aware that interest rates are set to rise — and this could happen pretty soon,” said Mr Strutt.
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