Mortgage rates are falling but don’t get duped by low rates with hidden high fees – how to avoid it

MORTGAGE lenders are battling for business, with several major banks now offering rates below 4% as competition intensifies.

Earlier this month, Coventry Building Society and Barclays led the way by launching sub-4% deals, triggering a wave of similar offers from other lenders.

AlamyHowever, a low headline rate doesn’t always guarantee the best deal[/caption]

Nationwide, Halifax, NatWest, and MPowered Mortgages have since introduced rates as low as 3.89% on two- and five-year fixed deals at 60% loan-to-value (LTV).