Thisismoney.co.uk - HSBC cuts mortgage rates following weeks of rises: Are there cheaper deals to come?
Tags: Press Commentary
HSBC has cut its mortgage rates, following several weeks of rate rises from most major lenders. The bank has lowered its rates by up to 0.19 percentage point, taking some of them below the 5 per cent mark.
Aaron Strutt of broker Trinity Financial, said: 'With so much talk of base rate rises and the war in Iran dragging on it seems unlikely fixed rates will get a huge amount cheaper but the mortgage market is notoriously hard to predict. He adds: 'Thankfully there are lots of rates to choose from well below 6 per cent.'
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