Mortgage interest rates have fallen across a range of products in recent weeks
High street banks have started to cut interest rates on a variety of mortgage products after a year of persistently high rates and hesitant lenders. But this week, Santander, HSBC, and TSB have all started to offer a larger number of mortgages, with better deals for potential homeowners.
The new range of lower interest mortgage deals follows last month's changes to the bank's affordability criteria, which were expanded to take into account changes to the High Income Child Benefit Charge, which allows people on higher incomes to keep more Child Benefit. This means that more families claiming child benefit will be able to meet the criteria to get their first foot on the housing ladder.
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