What Mortgage - Mortgage rates keep rising as lenders pull sub-4% deals

Mortgages with rates below 4% are disappearing fast as lenders reprice amid volatility caused by events in the Middle East.

Nationwide today withdrew one of the few remaining sub-4% mortgage rates from the market, following in the footsteps of Santander and other big lenders which have been offering these attractive deals.

Meanwhile, Aaron Strutt, product and communications director at Trinity Financial, told What Mortgage magazine it was a ‘shame’ Nationwide had pulled its last sub-4% deal from the market because pricing had been heading down and there had been some great deals to choose from.

At the time of writing there were two sub-4% deals remaining – but these were expected to be shelved too.

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