The lenders slashing mortgages as interest rates remain on hold
The BoE has been trying to rein in inflation and bring it down closer to its target of two per cent
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The BoE has been trying to rein in inflation and bring it down closer to its target of two per cent
Britain's biggest building society has today sent ripples across the mortgage market after it announced its eleventh consecutive round of rate cuts in four months.
Nationwide Building Society will cut selected fixed-rate loans by up to 31 basis points across two-, three- and five-year fixes from tomorrow (8 December), with prices starting at 4.29%. The move comes as Halifax also says it will reduce prices on selected offers by as much as 25bps on Friday. Nationwide’s new
Rightmove foresees sellers having to adopt more competitive pricing strategies in 2024 to secure transactions.
Competition among sellers will increase as mortgage rates settle at ‘elevated’ level, website predicts