Trinity Financial quoted in Daily Mail front page story - New Year mortgage price war
The starting gun was fired on a mortgage price war yesterday. HSBC became the first major bank to offer fixed-rate deals under 4 per cent, with rival lenders expected to follow suit.
Analysts said the falling loan costs would deliver a much-needed boost to Tory poll hopes by taking pressure off household finances.
'Given the changes from Halifax and HSBC some of the other big banks will need to improve their rates over the coming days to attract borrowers, so there will almost certainly be more price reductions,' Aaron Strutt of Trinity Financial told the Daily Mail.
He added that rates below 4 per cent would give hope to many of those who feared a payment shock when they came to remortgage.
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