Independent Mortgages Direct NE

Competition Mounts For Market Share In 2024 – Further Mortgage Rate Cuts

Lenders Cut Rate For 2024

Nationwide Building Society has reduced selected rates across their range again today, the eleventh reduction in four months, as they try to remain competitive amidst stiff competition from several other lenders jockeying for market share into the first quarter of 2024.

The tables below show further Swap Rate reductions in the last three weeks since last month’s Autumn Statement.

As predicted, with inflation falling (albeit slowly) and confidence rising, further mortgage rate reductions in 2024 are likely as lenders consider their current business levels and anticipated market share.


Swap Rates Fall - Let The Battle Commence

7th December Swaps

7th December Swap Rates

15th November Swaps

15 November Swap Rates

We are booking new products six months before the end of the current mortgage and then reviewing them monthly until completion. If you want your mortgage reviewed and want to benefit from the latest rate reductions, call 0800 0350095 or click on the button below to schedule a callback.