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flag UK lenders cut mortgage rates despite high average rates.

flag Major UK lenders including Santander, HSBC, and Barclays cut mortgage rates in April, offering new deals for buyers and borrowers. flag Despite these reductions, the average two-year fixed rate remains high at 5.83%, driven by global economic uncertainty and inflation concerns. flag Experts warn that while some low-rate options exist, the outlook for future rate cuts remains uncertain.

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