Sub-4% rates available for the moment

by Aaron Strutt

Mar 08 2023

Mortgage lenders have continued to make changes to their rates, and many of the sub-4% fixes have been withdrawn.

Nationwide increased its cheapest rates by around 0.2% last week, and Platform pulled the cheapest five-year fix. 

Getting a sub-4% five-year fixed rate through Santander and Coventry Building Society is still possible, but these rates may increase soon.

Aaron Strutt of Trinity Financial told The Telegraph: "When you see lenders like HSBC increasing its rates, as they did last week, you know it's only a matter of time before another lender does the same."

"The new benchmark for the best buy mortgages is 4%, and with another Bank of England base rate hike expected, it seems relatively good value for money."

Some lenders are still lowering their rates; Atom bank has cut rates across purchase and remortgage products by up to 25 basis points. Platform has also reintroduced its product ranges after temporarily withdrawing from the market. Furness for Intermediaries has also launched an interest-only dead.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

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

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