Halifax and NatWest announce further fixed rate mortgage cuts
NatWest and Halifax have both announced further fixed rate cuts this afternoon, with NatWest now offering a 2-yr fixed remortgage from 4.87% with a £1,495 fee (or £995 if it qualifies for a Green deal), and a 5.64% 5-year fixed with no fee for a purchase at 95% LTV. Halifax have announced up to 0.72% off a number of their deals, too. Even with SWAP rates increasing slightly in the past few days, lenders appear to be ready to shave their margins in an effort to secure business and boost activity. Newspage sought views from brokers, below.