Homebuilder Mulberry Homes is happy to receive the news that mortgage rates across the country and lenders are falling, with market leaders such as Skipton, HSBC, Nationwide and Virgin all reducing interest rates.

These cuts signal a welcoming change as the rates start to fall across the lenders, as this means that homebuyers are more likely to be able to secure their dream home at a much better price than previously thought.

Nationwide have become the first high street bank to begin offering a sub 4% rate come with a rate of 3.99%. There is also some hope The Bank of England cut interest rates from 5.25% in their next meeting in early August.

Tom Andrews, Director at Salcey Mortgages, said: “Rates have been falling each week for the past month as lenders compete for market share. The introduction of a sub 4% rate from Nationwide is a great sign and hopefully other lenders follow suit shortly.”

Mulberry Homes has a variety of homes on offer in a mixture of counties, including Leicestershire, Warwickshire, Northamptonshire, Bedfordshire and Essex. These developments are ideal for first time buyers, second steppers and growing families.

Mulberry Homes is encouraging homebuyers to come and visit one of its developments to find out more about what offers are available for homebuyers looking to secure their dream home.