Barclays has sounded the starting gun on what is expected to be a round of fixed rate mortgage rate cuts from banks and building societies over the coming weeks
From tomorrow the lender will reduce its rates on most of its home loan products. The rate on a two year deal for borrowers with a a 10% deposit is coming down from 5.76% to 5.48%. For applicants with a larger 40% deposit the rate falls from 5.13% to 4.88% while for a 5 year fix the rate drops from 4.90% to 4.85% for borrowers with a 10% deposit.
