Barclays lowers fixed mortgage rates below 4% due to anticipated Bank of England rate cuts.
Barclays has reduced its fixed mortgage rates to below 4%, with a two-year option for borrowers with a 40% deposit now at 3.99%. This adjustment, effective October 29, is anticipated to influence other lenders as interest rates trend downward. Experts predict the Bank of England may cut rates further, potentially driving two-year fixes to around 3% by next November, which could invigorate the housing market despite concerns over the upcoming Budget.
October 28, 2024
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