Barclays, Halifax and NatWest have slashed mortgage rates again this week, with a number of deals under five percent now on offer.
Even with swap rates, which are what lenders use as one of the factors to price mortgages, increasing slightly in the past few days, lenders seem ready to reduce their margins in what appears to be an effort to secure business and boost activity.
NatWest is now offering a two-year fixed remortgage from 4.87 percent with a £1,495 fee (or £995 if it qualifies for a Green deal), and a 5.64 percent five-year fixed with no fee for purchase at 95 percent Loan to Value (LTV).
Meanwhile, Barclays has lowered some remortgage products by as much as 0.57 percent, as well as implemented a range of reductions across its 85 percent to 95 percent LTV purchase-only products.
Halifax has announced up to 0.72 percent off a number of their deals, too.
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