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Halifax has told brokers it will be cutting rates on home mover and first-time buyer products by up to 19 basis points on Friday. The lender says it will be making the reductions on two and five-year fixed rates. John Charcol mortgage technical manager Nicholas Mendes says it is welcome news after official data today
Hargreaves Lansdown came out on top in this category. Its head of research Mark Dampier believes the victory is down to its unique relationship with their fund managers. He says: "Although we are a big discount broker we also have a very strong investment team including five qualified fund managers, which is
Average mortgage rates have been on the increase since the start of February - and mortgage brokers say today's announcements could mark a change in direction.
Homeowners receive a financial boost as Barclays, HSBC, and TSB cut mortgage rates on over 100 deals, providing relief after weeks of rising costs.
Almost a third of homeowners have let their mortgage slip onto their lender's standard variable rate for at least a month - and doing so could cost them dearly.