Three of the biggest lenders have cut rates in a move which could lead to a new mortgage war between the biggest banks and building societies.
Nationwide announced a raft of changes last week which included up to 0.16 percentage points being slashed off existing products - with the lowest rate on a two-year deal now down to 3.54 per cent. Santander followed suit with reduced rates on first-time buyer deals across two, three and five-year fixes - some by as much as 0.32 per cent.
