Lender giants' price war 'great' for housing market

Halifax and Abbey last week competed on two-year tracker deals sold through brokers, targeting homeowners with large amounts of equity. David Doulton, director at Fairinvestment.co.uk, says the price wrangle marks the first instance where the two lenders have aggressively gone to war for new borrowers. He described the battle as “great news…for those homeowners who have enough equity or a big enough deposit to be eligible for these deals”. “Times are tough for British households, and mortgage lenders are in a position to ease the current conditions in the mortgage and property market,” h...