Banks sweetening mortgage offers to retain customers

Lenders are extending their offer periods for homeowners, who are now enjoying increasing flexibility in the mortgage market. Aaron Strutt of mortgage broker Trinity Financial said several lenders had increased their "offer validity" periods, with those from Nationwide, NatWest, Santander and Virgin Money all now lasting six months, while Barclays has also extended its offer period - from 90 to 150 days for certain existing customers. Mark Harris of broker SPF Private Clients says he has even seen examples of lenders allowing existing customers to move to a cheaper deal immediately.

The Daily Telegraph (20/06/2019)