Major lenders continue battle for customers before Bank of England's decision tomorrow
The UK’s second biggest mortgage lender, NatWest, is cutting the cost of their mortgage deals by up to 15 per cent.
Aaron Strutt of broker Trinity Financial said: “NatWest is closing the gap between its competitors with these latest price reductions. The pricing between the cheapest purchase and remortgage rates seems to be getting bigger again.”Ken James, director at Contractor Mortgage Services, said: “Rate cuts are always welcome, but I do wonder if lenders are running out of steam, with small cuts all the fashion these days and big rate cuts left on the back burner.
The number of home sales taking place across the UK in June was 8 per cent higher than in the same month a year earlier, according to HMRC figures.
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