- Author, Kevin Peachey
- Role, Cost of living correspondent
HSBC has joined two other major lenders in reducing mortgage rates following hints of a summer base rate cut by the Bank of England.
Barclays cut the cost of its fixed-rate home loans for new deals on Tuesday, following an earlier move by NatWest.
HSBC’s cuts will come into effect on Wednesday, with brokers expecting more mortgage companies to follow suit.
However, these reductions are small in the wider context. Borrowers still face relatively high costs, with many paying significantly more in monthly repayments when current cheaper deals…
