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UK: Mortgage rates battle to benefit housing market and borrowers

Posted on 24 July 2012

Homeowners set to enjoy lower mortgage rates as banks and building societies launch lower-rate products. Homeowners are set to benefit from plummeting mortgage rates as banks and building societies embark on a new lending war.
Royal Bank of Scotland has already cut its five-year fixed rate to 4.79% for those with a 10% deposit, while HSBC recently unveiled the lowest-ever five-year fix offered to UK households, at 2.99%. Santander matched HSBC with a mortgage for existing current account customers………………………………………..Full Article: Source


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