NatWest and Halifax cut mortgage costs
View original at uk.finance.yahoo.comNatWest and Halifax cut mortgage costs NatWest (NWG.L) and Halifax have both cut mortgage rates this week, while Nationwide (NBS.L) will allow buyers to borrow up to six times their income, fuelling expectations of a "booming market" in 2026…
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The change to withdraw 60% LTV products was part of a reprice following the changes to swaps after the Bank of England held interest rates
80% confidenceThe average five-year fixed deal came in at 4.99%, a drop from the previous 5%
80% confidenceIt supports borrowers who are constrained by income multiples rather than the monthly cost, and shows how lenders are adapting to the reality of today's housing market
80% confidenceNationwide extending six times income lending beyond first time buyers is a positive step, particularly as the first wave of Helping Hand customers starts to look at their next move
80% confidenceThe average rate for a two-year fixed mortgage came in at 4.49% this week
80% confidenceWith the right advice, borrowers can use that flexibility to move sooner and secure a deal that fits both the immediate need and the longer-term plan
80% confidence