Sky News - Nationwide cuts mortgage rates - and brokers hope other lenders will follow
Tags: Press Commentary
Nationwide has cut its mortgage rates by up to 0.19% today.
The country's biggest building society has made reductions across its fixed mortgage range, including for first-time buyers, home movers and those looking to remortgage.
Brokers have said that they hope other lenders will follow suit as competition in the mortgage market grows.
Aaron Strutt, communications director at mortgage brokers Trinity Financial, said: "Nationwide has clearly been busy, given the size of the previous rate hikes that pushed them out of the best buy tables.
"Hopefully, a few more lenders will lower rates again and we can reverse the scale of the price rises we have seen recently."
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