Banks and building societies fight for customers as house prices rise in frenzied market
HSBC has become the latest lender to offer a mortgage deal with an interest rate of less than 1% in the latest sally of an intensifying mortgage rate war.
Banks and building societies are fighting for customers in a frenzied property market, described by the Bank of England’s chief economist as “on fire” as the government’s stamp duty holiday combines with big deposits saved during lockdown to ramp up demand.
