Last week, the Bank of England held the level of interest at 0.5 per cent for the eight month in a row, but Northern Rock and Nationwide announced they were trimming the costs of their deals.
The government-owned Rock said it was lowering its offerings by up to 0.5 per cent, while Nationwide unveiled a 0.2 per cent drop in prices.
Director at broker Savills Private Finance Melanie Bien told This is Money: “
Although brokers have said some people are not being successful in getting homeowner
This number was up by 29 per cent on the same month last year.