Mortgage lenders including Clydesdale, Nationwide, HSBC and TSB cutting mortgage rates on Friday 13th
More mortgage lenders, including HSBC, Nationwide, TSB, Mpowered and Clydesdale Bank, have joined the wave of rate cuts taking place on Friday 13th.
These join Atom and Pepper, which are also reducing rates tomorrow.
Nationwide for Intermediaries is reducing selected fixed rates by up to 0.25% and Clydesdale Bank is lowering its two and five-year fixes by up to 0.39%. NatWest is also lowering its two and five-year property purchase rates by up to 0.19% and its remortgage rates by up to 0.04%.
Aaron Strutt, product director at Trinity Financial, says: “I think it is fair to say this is a pretty decent time to apply for a mortgage given the scale of rate cuts we are seeing.
“After the mini-budget, many people thought it would be a lot longer before we saw so many sub-4% rates again. Funding costs have come down and lenders are finally passing on the price reductions. Many of the banks and building societies are not as busy as they would like to be and they are lowering their rates to increase demand.”
It is now possible to secure two-year fixed mortgages from around 4.10%, a three-year fix below 4% and five-year fixes at just over 3.75%. Tracker rates are also available without early repayment charges to provide borrowers with more flexibility.
Call Trinity Financial on 020 7016 0790 to secure a mortgage, book a consultation, or complete our mortgage questionnaire.
The information contained within was correct at the time of publication but is subject to change.
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