The i - Mortgage rates drop as low as 3.51% as big banks continue 'price war'

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More lenders are cutting mortgage deals with rates of close to 3.5 per cent available for many households, starting a “full-scale price war,” according to experts.

Aaron Strutt, product and communications director at Trinity Financial, said he expected the battle between lenders to continue.

“Santander clearly wants to attract more borrowers seeking mortgages of £500,000 or more and they are likely to get them, with super cheap fixes starting from 3.51 per cent.

“The price war rumbles on and it probably will for the next few weeks.”

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

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