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The Independent UK
The Independent UK
Business
Vicky Shaw

Homeowners celebrate ‘much‑needed relief’ as more lenders poised to cut rates

Barclays Moneyfacts
The Middle East conflict previously caused market volatility and uncertainty about interest rates - (PA Archive)

More mortgage lenders have announced further rate cuts, following a series of reductions last week.

Barclays is cutting rates across over 20 mortgage products from Wednesday. This includes a two-year fixed-rate home buyer mortgage for those with a 40% deposit, reduced from 4.95% to 4.60% (£899 fee). A five-year fixed-rate option for buyers with a 20% deposit will decrease from 5.11% to 4.96% (no product fee). Skipton Building Society will also reduce mortgage rates from Wednesday, alongside launching new products.

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