In a significant move that could impact the UK housing market, Barclays and HSBC have announced cuts to their fixed-rate mortgage deals. This decision comes amidst hints from the Bank of England regarding a potential summer base rate cut, which has led to speculation about a downward shift in mortgage rates across the industry.
Barclays & HSBC Slash Mortgage Rates in the UK
Barclays initiated the trend by reducing the cost of its fixed-rate home loans for new deals, a strategic move that was closely followed by HSBC. It has reduced rates by more than 0.25 percentage points in some cases.
Barclays has announced a series of reductions that…
