Homeowners could save thousands of pounds on their mortgage as a price war between lenders drives rates to record lows. HSBC and TSB have both just unveiled two-year fixed rate deals with a rock-bottom interest rate of 0.94 per cent. And a number of lenders have launched eye-catching deals under one per cent in recent weeks to tempt borrowers.
The property market has been flying this year, thanks to a post-pandemic return of confidence and the stamp duty holiday. Although house prices dropped a little in May, according to the latest data from Halifax, they still rose year on year by more than eight per cent.
Save a fortune as mortgage war pushes loans under 1%
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Weekly rate watch: Rates drop at most fixes | Mortgage Strategy
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