The Times - Mortgage lenders cut rates in bid to lure back buyers
Two high street lenders have announced cuts to their fixed-rate mortgage deals and financial analysts expect others to follow suit.
TSB said that it would reduce its five-year fixed rates for purchase mortgages and remortgages by up to 1.3 percentage points from Monday.
Scott Rochester, of Trinity Financial, told The Daily Telegraph and The Times: “I expect over the next few weeks that all lenders will come out with reduced pricing. I’m not quite sure how low they can go.
“I think their margins are probably going to be pretty slim, but I fully expect the whole market to come out with cheaper deals over the next few weeks.”
Click here to read the article in The Times and The Telegraph £
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