New mortgage deal falls below 5% in ‘watershed moment’ for UK homeowners
by Rupert Jones from Economics | The Guardian on (#6G826)
Nationwide's two-year fixed rate deal offered at 4.99% as lenders jostle for customers
A two-year fixed-rate mortgage priced at below 5% has gone on sale for the first time since early summer as leading lenders jostle to attract more customers.
Mortgage brokers called Nationwide's decision to launch the deal, priced at 4.99%, a watershed moment" that would give the property market a shot in the arm", as well as offering borrowers hope that things were heading in the right direction.
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