Overview

• Halifax introduced a two-year remortgage deal at 3.83% with a £1,499 fee for borrowers with at least 40% equity, marking its lowest rate since May.
• Nationwide overhauled its mortgage range effective July 10, cutting rates by up to 0.20 percentage points across first-time buyer, remortgage, switcher and additional borrowing products.
• HSBC announced its third mortgage rate cut in two weeks, including a second reduction within days, with the latest cuts taking effect this week.
• Barclays implemented multiple fixed-rate cuts on Wednesday as competition intensifies among major lenders.
• Markets are increasingly pricing in two quarter-point Bank of England base rate cuts by year-end, encouraging lenders to pass on savings to borrowers.