The Times - Mortgage rates fall below 4% as lenders price in tariff turmoil
Many of the largest mortgage lenders have cut fixed rates below 4 per cent as the fallout from President Trump’s global tariffs continues to impact borrowing costs.
Halifax and NatWest cut mortgage rates by up to 0.19 percentage points on Tuesday, as both released two-year fixed rates at 3.94 per cent for homebuyers.
Nationwide is to cut fixed rates by up to 0.25 percentage points on Wednesday, after Santander and Yorkshire Building Society (YBS) had previously cut rates below 4 per cent last Thursday.
Aaron Strutt, from the mortgage broker Trinity Financial, said: “Lenders are clearly trying to get the property market moving again, especially now that they have been given the green light to offer more generous loan sizes by the government.
“Many of the new sub-4 per cent rates are available to those buying a home rather than remortgaging, which makes sense now stamp duty is so much more expensive for many. Mortgage affordability really is a huge issue for many borrowers so the combination of cheaper rates and more generous loan sizes is positive news.”
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