US EditionMortgage rates cut below 4% as competition picks up
- Mortgage rates have dropped below 4%, providing opportunities for homebuyers, as reported by Barclays and Santander UK.
- Barclays introduced a five-year fixed-rate mortgage at 3.99% with a fee of £899, requiring a 40% deposit, which applies to both new and existing Premier customers.
- Santander UK announced four new products at 3.99%, requiring a 40% deposit and includes two and five-year fixed-rate deals for home purchase and remortgaging.
- The Bank of England's recent rate cut seems to have sparked competition among lenders, prompting a shift in mortgage rates below 4%.
15 Articles
15 Articles
I want to get a fixed mortgage but what if I move before the term ends?
Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us at money@inews.co.uk.Question: I want to get a fixed mortgage – but what if I move before the term ends?Answer: It’s great that you’re con…
The reduction in mortgage interest in 2024 increased the demand for home purchase, which remained on the rise in the face of a rent market increasingly under pressure from the lack of supply. The picture has intensified in the start of 2025 with even more cuts in mortgage lending rates and even harsher mortgage warfare in the face of bank improvements in the linkages it offers, all driven by the downward adjustment of the monetary policy of the …
Swindon Advertiser
Santander mortgage rates to drop below four per cent
Mortgage rates below four per cent are returning to the market, as Santander UK launches new products
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