Financial Times - Halifax to offer five-year fixed mortgages at cheaper rates than two-year home loans
One of the UK’s biggest mortgage lenders will begin offering five and 10-year fixed rate mortgages at lower rates of interest than its two-year home loans, overturning borrowers’ expectations of mortgage pricing.
Aaron Strutt, product director at Trinity Financial, told the FT: “It’s pretty unheard of in the mortgage market. It seems like the normal form book has gone out of the window.”
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