Barclays and HSBC to cut fixed-rate mortgage deals
by Rupert Jones from on (#6NRS4)
Other lenders likely to follow suit as analysts say 0.25 percentage point cut could fuel summer of savings' for borrowers
HSBC and Barclays are cutting rates on their fixed mortgage deals in what some brokers claim could be the start of a summer of savings" for homebuyers and those looking to remortgage.
Barclays has reduced rates by more than 0.25 percentage points in some cases from Tuesday, and its cuts led to a quick response from HSBC, which said it would be cutting rates across its home loans range with effect from Wednesday.
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