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Nationwide, Barclays and TSB announce new mortgage deals with rates as low as 0.85%
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dailyrecord.co.uk
dailyrecord.co.uklowest-ever mortgage rate for new lending on Friday as the battle to attract borrowers gathers pace now that restrictions across the UK have been lifted.
Britain's biggest building society is offering a deal at 0.87% from September 3. The two-year fixed-rate product has a £1,499 fee and borrowers will need a 40% deposit, however, depending on individual circumstances, some homebuyers may find they are better off going for a higher rate with a lower fee.
Henry Jordan, Nationwide's director of mortgages, said: "As one of the largest lenders in the UK we always keep our rates under review to ensure we can maintain our competitive position in the market."Nationwide is also making some rate reductions on first-time buyer deals.
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