Home loan price war as Halifax, Nationwide and Santander cut rates | Personal Finance | Finance
Four of Britain’s biggest mortgage lenders have fuelled a home loan price war with the launch of deals under 4 percent.
Halifax and the Nationwide have followed NatWest and Santander in bringing down rates.
The falls are expected to fuel a surge in property sales and remortgages, while further reductions are predicted.
They come against the background of the Bank of England’s decision to cut the base rate by a quarter point to 5 percent.
