What Mortgage - Barclays cuts mortgage rates for buyers and remortgagers
Tags: Press Commentary
The mortgage lender is lowering rates on nearly 50 mortgages, most of which are fixed-rate deals. It has also increased the rate on one of its tracker mortgages for homebuyers.
It comes as Nationwide also announced it would be improving mortgages for first-time buyers, so the rates matched its home mover range.
Aaron Strutt, product director at Trinity Financial, said: “There have not been many mortgage rate changes since the base rate hike. The combination of hope the war in Iran will stop, lower oil prices coming through and hopefully easing inflation figures have improved five-year swaps as they are marginally below two-year swaps for the first time in a while. “These new Barclays fixes are reasonably priced and there are more sub-5% options.”
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