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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

HSBC becomes first big UK lender to cut its mortgage rates in 2026

Close up of the HSBC logo as seen on its website.
Mortgage brokers said HSBC’s decision was good news for borrowers because rivals were likely to follow suit. Photograph: M4OS Photos/Alamy

HSBC has become the first major lender to cut mortgage rates this year, a move that could spark a price war over the coming months.

The banking group, which is one of the UK’s largest mortgage lenders, has cut rates across a range of residential and landlord buy-to-let mortgage products. The new rates come into effect on Monday.

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