Full list of major banks cutting mortgage rates NOW - what it means for you
SIX banks and building societies have slashed their fixed-term mortgage rates after inflation slowed more than expected.Nationwide, HSBC, TSB, Yorkshi
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SIX banks and building societies have slashed their fixed-term mortgage rates after inflation slowed more than expected.Nationwide, HSBC, TSB, Yorkshi
Britons are opting for longer mortgages in a bid to keep their costs down as the cost of living crisis continues.
The bank announced it is reducing rates for new customers and those remortgaging, with deposits or equity of at least 10%.
The number of people taking out mortgages with terms of 35 years or more hit a high of 88,059 in 2022 compared to just 40,471 in 2018 - a 117% increase.
Lender TSB has voluntarily extended the help given under the mortgage charter to landlords, rather than residential homeowners.