Published: 17/02/2023 By Bethany-Elouise Pankhurst

Signs that inflation will come down sooner than expected have sparked a price war in the mortgage market, with both HSBC and Virgin Money now offering five-year fixed rates below four per cent.
HSBC’s deal is priced at 3.99 per cent and is available to homeowners with at least 40 per cent equity looking to remortgage. It comes with a £999 fee.
Virgin Money is offering a 3.95 per cent five-year fixed rate with a £1,495 fee for borrowers remortgaging with a minimum of 35 per cent equity in their property.