Lenders start another mortgage price war

Aaron Strutt Image

Over the last week a host of lenders have lowered their mortgage rates in a bid to attract more customers and lend more money. Two and five-year fixed rate mortgages have been improved by the largest margins.

Virgin Money, Barclays, Santander and Skipton Building Society are just a few of the lenders to improve their rates. NatWest has made some of the largest changes to its first-time buyer rates with some being lowered by up to 0.64%.

Aaron Strutt, product manager at Trinity Financial, says: "Many lenders are lowering rates in an effort to make sure they hit their lending targets and this is good news for borrowers. Mortgage rates went up earlier in the year and they are coming back down again."

If you would like help to secure a best buy mortgage, call Trinity on 020 7016 0790.

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