Battle between banks has intensified recently , causing prices to plummet . HSBC have now announced £1 billion interest deal on a five - year term mortgage . is expected to spark flood of rate cuts by banks and building societies . Experts have described cheapest deal ever of its kind as ' cheap '
Battle between lenders has intensified recently , causing rates to plummet . HSBC have now announced 1.99 % interest deal on a five-year fix mortgage . Offer expected to spark flood of rate cuts by banks and building societies . Experts have described cheapest deal ever of its kind as 'astonishing '