The i - Nationwide and Barclays cut mortgage rates – how much further they could fall
Tags: Press Commentary, The i
Two major lenders have cut their mortgage rates as experts predict they will continue to come down over the next few weeks.
Nationwide and Barclays both made cuts to their rates this week, alongside smaller lenders, as competition in the market has begun to build back up.
Aaron Strutt, product director at Trinity Financial, said: “Nationwide has undercut itself with the latest rate reduction as it already topped many of the ‘best buy’ tables, suggesting lenders are taking drastic measures to boost activity in the property market.
“I think this shows how keen the lender is to attract more customers and issue more mortgages at a time where many banks and building societies would prefer the property market to be a bit busier.”
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