Mortgage lenders including Nationwide and Santander make rates cheaper with sub-4.3% fixes now available

by Aaron Strutt

Dec 10 2023

Banks and building societies have been lowering their fixed rates again this week as the drive to offer more competitively priced rates continues.

Nationwide for Intermediaries has just launched two-year fixed rates priced at around 4.65%, three-year fixes at approximately 4.8% and a sub-4.3% five-year fix. Their lowest rates tend to have £999 arrangement fees and require borrowers to have larger deposits.  These mortgages have maximum loan sizes of £2 million.

Halifax for Intermediaries has lowered selected rates by up to 0.25% for homebuyers and remortgaging customers. In comparison, Santander has improved selected residential rates by up to 0.32% and new build mortgages by between 0.15% and 0.2%. Its large mortgage loan rates have also been lowered by up to 0.15%.

Other mortgage lenders have lowered rates, including Accord Mortgages, Bank of Ireland, Leeds Building Society and The Co-operative for Intermediaries. Skipton Building Society has improved its no-deposit 'Track Record' mortgage by 0.19%. 

Aaron Strutt, product director at Trinity Financial, says: "The lenders know the only real way of issuing more mortgages is to lower their rates. Mortgages are getting cheaper, and lenders are now constantly lowering their fixed deals. This will relieve many homeowners who need to remortgage and first-time buyers planning to get out of renting and onto the property ladder."

Call Trinity Financial on 020 7016 0790 to secure a large mortgage loan, 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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