On the firstly about three tranches of nearly 2 billion repaired-speed mortgages set-to expire next month, loan providers try jostling to own consumers by providing double-fist offers and cash bonuses, state lenders.
Brokers allege competitive loan providers was holding confidential briefings with these people so you can slash simple changeable prices (and therefore start around regarding the step three.14 % to nearly seven per cent) by as much as 280 basis factors.