The i - Nationwide launches new cheapest mortgage rate as price war rages
Nationwide has cut more of its mortgage rates and is now the cheapest on the market for some customers, as lenders continue to engage in a “price war”. The building society cut rates by up to 0.3 percentage points on Wednesday morning, and its new rates include a sub 3.85 per cent deal for homebuyers with a 40 per cent deposit.
Aaron Strutt of Trinity Financial said: “These rates are going to top the best buy tables which is great news for borrowers especially if they are buying a home.
“It is fair to say that the lenders are having a price war at the moment and they are trying to issue more mortgages. It has been surprising to see the rates drop so much.
“Rates clearly go up and down but for the moment they are still getting more competitively priced and for all types or borrowers with ranging deposit sizes.”
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