Do banks still offer preferential terms on mortgages to their employees?

[Lilymaid]

I've just had an offer for a house I'm selling from someone working for one of the Big 4 banks who is getting his mortgage from another of the Big 4 banks. Back in time, banks offered preferential mortgage rates to their employees. Does this still happen or do bank employees now find they can get better rates elsewhere?

[heather1980]

yes they do, dh works for a big 4 bank and we can get a mortage about 1-2% apr lower than a regular mortgage.

[Lilymaid]

Thanks Heather! I can only presume that, as my solicitor suggested, the other bank is offering a rock bottom rate at the moment.