The Money blog is your place for consumer and personal finance news and tips. Today's posts include NatWest launching the cheapest five-year mortgage on the market and an old Liam Gallagher tweet about ticket pricing. Leave a comment on any of the stories we're covering in the box below.
NatWest has launched the cheapest five-year fixed mortgage deal on the market. The 3.71% rate comes with a £1,495 product fee and is available to customers who have a 40% deposit. Other lenders have also announced cuts this week, including Barclays and Halifax. Yesterday, Barclays reduced its five-year fixed 60% LTV remortgage deal from 4.06% to 3.93%. It also announced cuts across its purchase product range, with a five-year fixed 75% LTV deal coming with a 3.
'NatWest's latest rate cut is another clear signal that mortgage lenders are pulling out all the stops to reignite the housing market,' Ranald Mitchell, director of Charwin Mortgages, told Newspage.'This flurry of rate reductions is a positive step towards finding that sweet spot where consumer confidence rebounds, and the property market gets back on track.
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