More lenders lowering their mortgage rates

by Aaron Strutt

Sep 12 2023

It's been a busy day for mortgage lenders with some banks and building societies launching new products or lowering their existing rates.

Nationwide for Intermediaries have reduced mortgage rates by up to 0.29% across its new and existing borrower range. In comparison, Santander has also lowered its purchase rates by up to 0.14% and launched new products including cash-back offers for first-time buyers. MPowered Mortgage rates now start from just below 5.15%.

Nationwide's director of home, Henry Jordan, says: "Swap rates continue to fall, allowing us to make further reductions to our mortgage rates. These changes demonstrate our continued efforts to support existing members who are coming to the end of their current deal and new customers looking to take a mortgage with the society."

More lenders improved their rates last week, with NatWest improving prices by up to 0.19%.

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The information contained within was correct at the time of publication but is subject to change.

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