HSBC first big bank to offer sub-4pc mortgages as rate war heats up
More lenders expected to follow suit as anxious homeowners reach end of fixed deals
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More lenders expected to follow suit as anxious homeowners reach end of fixed deals
After the UK's biggest lender reduces rates on new fixed deals, other providers are expected to follow suit.
HSBC has become the latest lender to cut mortgage rates amid predictions that more banks and building societies will follow suit in the coming weeks.
The UK's average two-year mortgage rate fell to 5.92% on Wednesday, according to Moneyfacts. Both Halifax and Leeds Building Society slashed deals earlier this week.
TSB has slashed the cost of its home loans by up to 0.35 percentage points from today.