US EditionSantander, HSBC UK and Barclays Cut Mortgage Rates Again - How to Get the Best Deals
Moneyfacts said the average two-year fixed rate fell to 5.83%, as lenders added fresh deals across first-time buyer and remortgage products.
- On Friday, April 24, Santander led a fresh wave of mortgage rate cuts, reducing products by up to 0.25 percent. Major UK lenders including HSBC, Barclays, Skipton Building Society, and Virgin Money also adjusted their offerings.
- Mortgage pricing, influenced by easing swap rates, allowed lenders to pass on reductions to homebuyers and remortgagers. This competitive environment follows lenders moving quickly to improve deals just days after earlier adjustments.
- According to financial information website Moneyfacts, the average two-year fixed rate fell to 5.83% on Wednesday, April 22, down from 5.87% on Tuesday, April 21. These changes apply to first-time buyers, home movers, and remortgagers.
- Among the headline deals, a 98% loan-to-value "My First Mortgage" fell to 5.60%. HSBC refreshed its mortgage range after cutting rates the previous week, alongside other banks adjusting offerings to attract buyers.
- Across two, three, and five-year fixed deals, the market saw a fresh wave of cuts. Major lenders continue to refine products, demonstrating growing competition across the mortgage market for both buyers and remortgagers.
32 Articles
32 Articles
Borrowers left in limbo as rates move again: Moneyfacts
Borrowers are in limbo once again, yet any hold to the Bank of England Base Rate (BBR) must not deter them from seeking a deal, according to analysis from Moneyfacts. The biggest high street banks have all moved to cut selected fixed rates over the… The post Borrowers left in limbo as rates move again: Moneyfacts appeared first on Mortgage Finance Gazette.
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headlinemoney.co.ukBorrowers left in limbo as mortgage rates shift again
Borrowers are in limbo once again, yet any hold to the Bank of England Base Rate (BBR) must not deter them from seeking a deal, according to Moneyfactscompare.co.uk analysis. Mortgage market analysis The biggest high street banks have all moved to cut selected fixed rates over the past two weeks, which includes Barclays, HSBC, Lloyds Bank, NatWest and Santander, all catching up to swap rate movements.
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