Thisismoney.co.uk - Mortgage price war erupts as Santander sends rates below 4% for first time since November
A major high street bank has blown the fixed rate mortgage price war wide open by cutting rates to below 4 per cent.
Aaron Strutt, of mortgage broker Trinity Financial, said: 'It is great to have sub-4 per cent fixed rates available again because they really are the new benchmark for cheap mortgages.
'There is clearly a need for more competitively priced rates with so many first-time buyers keen to get on the property ladder this year and a reported 1.8 million homeowners needing to remortgage.
'If Santander can launch 3.99 per cent fixes then other lenders can do it too, so this is hopefully the start of the much anticipated price war.
'It seems like the recent base rate cut has helped to nudge rates down which is good news for borrowers.'
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