Nationwide: Major lender lowers mortgage rate to below 4%
Source: BBC
Nationwide is offering a mortgage with an interest rate below 4% as competition between lenders intensifies ahead of the Bank of England's next rate decision.From Wednesday, the UK's biggest building society will reduce its five-year fixed mortgages, for new customers moving home with a 40% deposit, to a rate of 3.99%.Other lenders have also been lowering their rates ahead of a hoped-for central bank rate cut in…
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