UK Landlord Forum / Life

Mortgage rates continued to come down today with three more lenders cutting the cost of their home loans.

Nationwide Building Society, the Co-operative Bank and Yorkshire Building Society are all reducing their rates following a fall in wholesale funding costs.

The biggest reduction in the Nationwide range is to its five-year fixed-rate mortgage for people buying a new home, who pay a higher arrangement fee, with rates on this range being cut by 0.3%, although the fee is being increased from £1,499 to £1,999.

Two-year fixed-rate loans across the group's range are being cut by 0.1% from Friday, while two-year trackers for people remortgaging are being cut by 0.05%, although the cost of arranging one of the higher fee deals is also being increased from £1,499 to £1,999.

The group is also launching a new range of two-year fixed-rate mortgages with a £999 arrangement fee, starting at 5.58% for people with a 40% deposit.

more here

I have a feeling they'll be even more cuts closer to xmas!