Overview
- Barclays’ reductions take effect on Friday across purchase, remortgage and reward products, including a two‑year fix at 60% LTV trimmed to 3.57% and a new five‑year fix at 80% LTV with no fee set at 4.00%.
- Halifax has implemented price cuts of up to 0.16 percentage points, following HSBC’s move earlier in the week to lower both residential and buy‑to‑let rates.
- Lloyds is advertising the market’s lowest homebuyer two‑year fix at 3.47% for Club Lloyds customers with 40% deposits, with a £999 fee.
- Despite headline deals, Moneyfacts puts average two‑ and five‑year fixed rates at about 4.81% and 4.89% respectively, marking the lowest market levels since 2022.
- Lenders are vying for limited business as UK Finance projects roughly 10,000 fewer property transactions in 2026, with brokers expecting further incremental cuts through the year and 1.8 million borrowers reaching the end of fixed terms.