Thisismoney.co.uk - Three major banks slash mortgage rates in new year boost for borrowers
Three major high street banks have kicked off 2026 by slashing the interest rates on their mortgages.
Halifax, Barclays and HSBC have all announced rate cuts this week, edging the cheapest deals closer to the 3.5 per cent mark.
Aaron Strutt of broker Trinity Financial thinks that the latest wave of cuts will keep the downward momentum coming. These new rates are not quite market leaders, but they are not far off.' Aaron Strutt from Trinity Financial old Thisismoney.co.uk.
'Barclays is now offering six times salary mortgages with two-year fixes priced just over 3.5 per cent which seems pretty generous when compared to the last few years.
'With UK finance predicting 10,000 fewer property transactions in 2026 compared to 2025 and 1.8 million borrowers coming to the end of their fixed rates, competition between the lenders to issue more mortgages is likely to be even stronger this year.
'We can expect to see some more criteria easing and hopefully even cheaper fixed rates.'
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