Brokers today said the country’s largest building society Nationwide now appears to be an outlier in the mortgage rate price war as a number of its rivals cut rates again.
Nationwide has reduced the prices of its mortgages eleven times in the last fourth months, but has held firm in recent weeks as rivals began the year with what many commentators called a “price war”. All five of the other “big six” lenders - HSBC, Santander, NatWest, Barclays and Halifax owner Lloyds Banking Group - have cut rates this year.
