Halifax is now offering a five-year fixed deal at 5.39 per cent, down from 6.10 per cent.
“Although this will be very welcome news for borrowers it isn’t likely to see rates return back to the much lower rates of even earlier this year,” Mr Hollingworth said. The other lenders to announce a drop in rates on selected fixed mortgages are Skipton Building Society, Principality Building Society, First Direct, Nottingham Building Society, Newcastle Building Society, Furness, Leek Building Society, MPowered.
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