The Times - Four banks cut mortgage rates in fresh price war
Four of Britain’s six biggest banks have cut their mortgage rates in a price war triggered by good news on inflation.
Aaron Strutt from the mortgage broker Trinity Financial said: “We have been waiting for the lenders to start reducing their rates again for a while, especially as their funding costs have come down.
“Four big lenders announcing mortgage price cuts within days of each other clearly shows they want more business and we seem to have another mini price war as we start the run up to Christmas. The upcoming budget on November 26 is slowing down the mortgage and property markets pretty significantly and the banks are trying to incentivise borrowers to take their mortgages.”
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