Overview

• NatWest offers a 3.89% five-year fixed-rate mortgage with a £1,495 fee.
• Halifax and Nationwide also introduce sub-4% mortgage deals, enhancing market competition.
• The Bank of England's recent interest rate cut to 5% has spurred this wave of reductions.
• Borrowers with large deposits and premier banking status benefit most from these new rates.
• Experts predict continued rate cuts as lenders vie for market share in the latter half of 2024.