The Telegraph - First sub-1pc mortgage rate since Covid to launch
Mortgages with interest rates below 1pc will return to the market later this month, the first to launch since the Covid crisis struck last year.
Lender Hinckley & Rugby Building Society said it planned to launch a two-year variable mortgage at a rate of 0.99pc later in the next two weeks.
Aaron Strutt, of mortgage firm Trinity Financial, told The Telegraph that rates were already low but a sub-1pc deal added “further positivity” to the market. “When a lender brings out sub-1pc it does push others to lower prices a bit more to keep up with competitors,” he added.