ANOTHER major lender has slashed its mortgage rates but experts explain whether you should lock in now or hold off. Nationwide has announced significant rate reductions across a range of mortgage

Reductions of up to 0.35% are being made by Nationwide on selected remortgages in a move aimed at helping those coming to the end of their existing mortgage deals. The building society’s specialist lending arm TMW has also made cuts of up to 0.50% which will help landlords looking to purchase or remortgage properties.

Santander UK is to offer sub 4% mortgage rates from Thursday - The new deals at 3.99% are part of a wider shake-up by the bank of its mortgage rates.

Barclays ( BARC.L) and Santander ( BNC.L) have launched mortgage deals with interest rates of less than 4%, as competition picks up in the sector after the Bank of England cut interest rates. The Bank of England reduced its interest rate to 4.5%, its lowest level in more than 18 months, offering some relief to mortgage holders across the UK.

SUB-4% mortgages are making a comeback in the market, with one major lender igniting a fresh rate war as it prepares to launch new deals later this week. Santander said that from Thursday,

Santander and Barclays have announced this week that it was to launch the new deals on Thursday, with borrowers able to get mortgage rates below 4% for the first time this year

Two major lenders launched mortgage deals on Thursday with interest rates of less than 4%, as competition picks up in the sector. The prospect of further cuts in the base rate by the Bank of England has given mortgage providers confidence to reduce their own rates.

The high street bank has reduced mortgage rates for both home movers and those remortgaging, by up to 0.36 percentage points.

More sub-4% mortgages have started appearing on the market from Thursday, with Barclays and Santander UK among the lenders to launch new deals. Barclays has cut rates across its residential purchase and remortgage range,