With the recent announcement by NatWest launching its new fixed-rate mortgage deal at 3.89%, the competitive atmosphere among UK lenders is heating up. This follows the Bank of England’s decision to lower the base interest rate to 5%, and lenders are responding enthusiastically by offering attractive mortgage deals to consumers.

Across the board, banks like Santander have joined the fray by reducing their mortgage rates as well. This hobby of lowering rates might set the stage for what many are calling the ‘mortgage rate wars’ as lenders vie for market share.



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