The Times - Lenders cut mortgage rates as peace talks raise hope for borrowers
Tags: Press Commentary, The Times and The Sunday Times
Lenders are already cutting mortgage rates in response to the peace talks in the Middle East, as hopes grow that the economic fallout from the crisis may be easing.
Nationwide, Barclays, Accord and TSB have all reduced their rates after two months of uncertainty in the market.
Aaron Strutt from Trinity Financial said: “The less worry about inflation that there is, the less panic there is in the money markets, which means it is easier for banks to make a profit but offer decent rates at the same time.”
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