Posted 1/4/2024, 12:31:00 AM
HSBC Triggers Mortgage Price War With Sub-4% Rates, Easing Costs Before Election
- HSBC kicks off mortgage price war, cutting fixed rates below 4% for first time since June, with other banks expected to follow
- Falling mortgage rates will ease pressure on household finances and boost Tory election hopes
- Analysts predict more rate cuts to come as lenders battle for customers amid declining lending volumes
- Lower inflation raises hopes of Bank of England interest rate cuts sooner than expected
- Two-thirds of £4.2 billion government fund to boost housebuilding remains unspent 6 years after launch