Mortgage lenders changing rates but sub-4% fixes still available

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Halifax and NatWest are two of the biggest lenders to increase rates this week, but many competitively priced mortgages are still available.

The lenders offering sub-4% fixed rates for borrowers purchasing a property or remortgaging include NatWest, Santander, and HSBC for Intermediaries. Nationwide Buiding Society is one lender offering sub-4% five-year fixed specifically for remortgages.

The most competitively priced mortgages in the market are typically available to borrowers with larger deposits, often of 35% or 40%, and they have £999 arrangement fees.

Aaron Strutt, product director at Trinity Financial, says: “The cost of funding mortgages continues to fluctuate, which means rates change regularly. Many mortgages are priced between 3.9% and 4.5% at the moment. 

“If you are looking for the most competitively priced mortgage, then the lowest rates tend to be five-year fixes, although many borrowers are opting for two-year fixes even though they are around 0.4% more expensive.”

According to the January 2024 Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey, the outlook for sales volumes over the next twelve months has improved, influenced by expectations of future interest rate cuts by the Bank of England.

Call Trinity Financial on 020 7016 0790 to secure a mortgage, book a consultation, or complete our mortgage questionnaire

The information contained within was correct at the time of publication but is subject to change.

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