Rate cut ‘mortgage war’ in lending sector

An “ongoing mortgage war” is firmly under way as Ulster Bank became the fifth lender in recent weeks to cut its mortgage rates, a financial comparison expert has said.

An “ongoing mortgage war” is firmly under way as Ulster Bank became the fifth lender in recent weeks to cut its mortgage rates, a financial comparison expert has said,  writes Pádraig Hoare and Geoff Percival.

Ulster Bank cut a number of its three-, four-, five-, and seven-year fixed mortgage rates, joining AIB and Haven which cut their standard variable rates, and EBS and Bank of Ireland which cut a number of fixed mortgage rates in the past six weeks.