The rapidly shrinking buy-to-let market is driving
lenders to a mortgage price war as they compete for dwindling demand from
borrowers. The Post Office is the latest lender to cut rates on a swathe of
deals. Its new two-year fixed rate of 1.33pc is the lowest ever offered,
according to Moneyfacts, the comparison site. The lender now has the lowest
interest rate in four of Moneyfacts seven categories and the joint lowest in
another. It follows similar moves by other lenders, including Nationwide
Building Society, to sharply reduce rates. Read more on the Daily Telegraph
website.
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