The Telegraph - Banks target younger homeowners with Black Friday mortgage rates bonanza
Banks are offering younger borrowers cheaper mortgages while raising rates for everyone else in what could be the first sign of a rate war for small deposit buyers.
Aaron Strutt, of mortgage broker Trinity Financial, told The Telegraph: "The market tends to slow down the closer we get to Christmas, and lenders want to keep it moving, especially for first-time buyers, who are the lifeblood of the market. The best way to do that is to lower prices. Until the Bank of England puts the base rate up, it is likely rates for small deposit borrowers will continue to drop."