The Times - Mortgage price war breaks out amid hope of December rate cut
Leading mortgage lenders are offering loan deals as the latest inflation data bolsters hopes of an interest rate cut next month.
Santander has cut some of its fixed rates to a three-year low, while Barclays and Halifax lowered rates by up to 0.3 percentage points this week.
Aaron Strutt from the mortgage broker Trinity Financial told George Nixon at The Times: “We are at a potentially difficult time with the budget looming. If Rachel Reeves gets things wrong like Kwasi Kwarteng and Liz Truss did in September 2022, mortgage rates could shoot up again and we really do not want a repeat of that.”
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