Sub-4% mortgage deals return amid rate cut predictions
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Two-year fixed mortgage rates are falling faster than longer-term deals for the first time in two years, as the Bank of England signals a gradual approach to reducing interest rates.
Santander is now offering a two-year fixed rate below 4% on a 60% loan-to-value mortgage, while other major lenders have also cut rates recently.
Virgin Money has cut rates and for buy-to-let and residential mortgages, with some going as low as 3.99%.
Experts predict further rate cuts before the end of the year, boosting confidence in the housing market.
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