Mortgage rates cut below 4% as competition picks up
News / Thu 13th Feb 2025 at 08:29am
TWO major lenders launched mortgage deals on Thursday with interest rates of less than 4%, as competition picks up in the sector reports the BBC.
The prospect of further cuts in the base rate by the Bank of England has given mortgage providers confidence to reduce their own rates.
But the attention-grabbing sub-4% deals by Santander and Barclays will not be available to all borrowers, and may come with a hefty fee.
Click below for the full article.
https://www.bbc.co.uk/news/articles/c0e43dqv271o
David Forman
2025-02-13 09:23:46
The small print: will not be available to all borrowers, and may come with a hefty fee. However, I'm sure the Labour luvvies enjoyed the headline, which no doubt tries to give Rachel Reeves a break when so many other economic indicators are getting worse.
Adam
2025-02-13 11:54:09
We are heading for recession of all recessions thanks to Rachel from compliants
Guy flegman
2025-02-13 12:12:29
Last 1/4 gdp rose by 0.1% inflation is running at approximately 0.6% per 1/4. We are already in a major recession and have been since late 2020. The politicians just use smoke and mirrors to try to hide this from us.
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