Barclays and HSBC to cut fixed-rate mortgage deals
25 June 2024 at 09:12
Other lenders likely to follow suit as analysts say cuts of up to 0.31 percentage points could fuel βsummer of savingsβ
HSBC and Barclays are cutting rates on their fixed mortgage deals in what some brokers claim could be the start of a βsummer of savingsβ for homebuyers and those looking to remortgage.
Barclays has reduced rates by more than 0.25 percentage points in some cases from Tuesday, and its cuts led to a quick response from HSBC, which said it would be cutting rates across its home loans range with effect from Wednesday.
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