Govt-owned banks 'most competitive' on mortgages

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Government-owned banks are offering the most competitive mortgage deals, according to data from Evaluate Technologies.

The research suggests Royal Bank of Scotland and NatWest, both part of the Government-owned RBS Group, were the most competitive mortgage lenders over the three months to the end of August. Evaluate Technologies ranked mortgage deals across all product categories and the lender with the most points is ranked as offering good value. Each time a lender appeared in the top 10 in the three months from 1 June, they were awarded a point. HSBC, which is not owned by the Government, was in second place, although its position does not take account of the 1.99% tracker deal it launched at the ...

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