Four large UK lenders are cutting mortgage rates for the second time in three weeks.
Competition in the home loan market has intensified on the back of better-than-expected inflation data.
Nationwide, the second-largest mortgage lender, on Wednesday reduced prices on some fixed products by up to 0.55 percentage points. HSBC, the sixth-biggest provider, trimmed costs by as much 0.2 percentage points, while tenth-placed TSB lowered rates by up to 0.4 percentage points.
Halifax, part of Lloyds Banking Group – the largest mortgage provider in the UK – is also cutting prices on fixed mortgages by as much as 0.71 percentage points from Friday.
