Four more major banks cut mortgage rates - when will two-year fixes go below 4%?
NatWest, HSBC, TSB and Metro Bank join a total of almost 50 other lenders that have reduced their residential rates since 1 January.
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NatWest, HSBC, TSB and Metro Bank join a total of almost 50 other lenders that have reduced their residential rates since 1 January.
Since the start of the year, a mortgage price war has opened up between lenders and more than 40 have cut their rates. Should landlords fix or hold out for more cuts?
NatWest will cut the rates for new business and existing customers by up to 79 basis points, including the launch of sub-4% home loans tomorrow (16 January). The high street lender will introduce a five-year fixed-rate switcher deal at 60% loan to value at 3.94%, with a £995 fee, and a five-year purchase fix for
Buy-to-let landlords are being hit by higher interest rates, higher costs and a less friendly tax regime.
Last year, the Bank of England aggressively raised interest rates in an effort to tame inflation once and for all.