Return of sub 4% home loan – Could mortgage lenders be about to launch price war? | Personal Finance | Finance [Video]

New hopes of a mortgage price war have been triggered with the launch of a new deal at under 4 percent.

The Mortgage Works have just announced rate cuts across their buy to let range, including a 3.99 percent fixed rate for 5 years option.

The highlights from these improved rates also include a 4.99 percent fixed rate for limited companies for 2 years.

Some industry experts believe that these rate cuts could lead other providers to dropping their rates to keep up.

Darryl Dhoffer, adviser at The Mortgage Expert, told Newspage: “Buy-to-let mortgages have been dropping for some time now. Who would have thought that a headline buy-to-let rate of 3.99 percent would be cheaper than a standard residential mortgage rate? Fair play to The Mortgage Works. Let’s hope big brother, Nationwide, wake up and start reducing residential interest rates.”

Gary Bush, financial adviser at MortgageShop.com, said: “It’s great to see the return of …