Major mortgage lenders are reducing rates as part of a year-end price competition to meet sales targets. NatWest, Santander, and Barclays lowered rates last week, despite widespread expectations that the Bank of England will maintain its benchmark Bank Rate during its final meeting of the year on Thursday.
On Monday, TSB joined the trend with reductions of up to 0.25 percentage points on its fixed-rate mortgages. Experts believe these rate cuts stem from lenders striving to achieve their annual sales goals, with further reductions likely to continue into t...
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