Thisismoney.co.uk - Mortgage war erupts: Nationwide cuts rates to 3.64% as households see cheapest deals since 2022
A mortgage rate war has erupted with Nationwide the latest lender to slash home loan offers with the lowest two-year fix now available since 2022.
Many major lenders have cut rates across mortgage deals over the past two weeks including a host of high street banks.
Aaron Strutt of mortgage broker Trinity Financial says rates seem to be moving lower with every passing day at the moment.
'Nationwide has acted very quickly to undercut most of its competitors and bring out the cheapest two-year fix which really is well priced even if the rate does have a £1,499 arrangement fee.
'There has been a lot going on in the mortgage market over the last few weeks with multiple banks and building societies consistently lowering their rates with some bringing them down twice in a week.'
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