Major lenders expected to slash mortgage rates this week

Most of the UK's largest lenders are expected to cut mortgage borrowing rates this week in a bid to generate new business, after a quieter than anticipated summer for the UK housing market.

Analysts expect major lenders, including Lloyds Banking Group, Barclays, Nationwide and Santander, to reduce borrowing rates to help stimulate home buyer demand.

HSBC and NatWest announced they were cutting their mortgage rates again yesterday in a bid to ease some pressure on UK homebuyers and those seeking remortgage deals. 

HSBC said it was cutting rates across many of its new fixed products – including some of its first-time buyer, home mover and remortgage deals – with effect from today.

Source - Property Industry Eye


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Your home may be repossessed if you do not keep up with your mortgage repayments. Charges may apply. Rates often fluctuate and therefore are subject to change at any time. Nothing in this article is to be interpreted as advice.