{"id":545568,"date":"2026-04-23T00:27:56","date_gmt":"2026-04-23T00:27:56","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/545568\/"},"modified":"2026-04-23T00:27:56","modified_gmt":"2026-04-23T00:27:56","slug":"homeowners-celebrate-much-needed-relief-as-more-lenders-poised-to-cut-rates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/545568\/","title":{"rendered":"Homeowners celebrate \u2018much\u2011needed relief\u2019 as more lenders poised to cut rates"},"content":{"rendered":"

\"The The Middle East conflict previously caused market volatility and uncertainty about interest rates (PA Archive) <\/p>\n

More mortgage lenders have announced further rate cuts, following a series of reductions last week.<\/p>\n

Barclays is cutting rates across over 20 mortgage products from Wednesday. This includes a two-year fixed-rate home buyer mortgage for those with a 40% deposit, reduced from 4.95% to 4.60% (\u00a3899 fee). A five-year fixed-rate option for buyers with a 20% deposit will decrease from 5.11% to 4.96% (no product fee). Skipton Building Society will also reduce mortgage rates from Wednesday, alongside launching new products.<\/p>\n

These moves follow similar reductions last week by HSBC UK, Halifax Intermediaries, Santander, and TSB, driven by easing swap rates, which lenders use to price mortgages. The Middle East conflict previously caused market volatility and uncertainty about interest rates.<\/p>\n

Financial information website Moneyfacts noted average two and five-year homeowner mortgage rates were unchanged from Monday to Tuesday. Despite a recent plateau, rates have increased significantly in recent weeks. The average two-year fixed-rate homeowner mortgage was 4.83% at the start of March, rising to 5.87% by Tuesday morning.<\/p>\n

The average five-year fixed-rate homeowner mortgage has risen from 4.95% at the start of March to 5.76% on Tuesday morning, according to Moneyfacts<\/a>.<\/p>\n

\"Barclays Barclays is making some mortgage rate reductions from Wednesday (Mike Egerton\/PA) (PA Archive) <\/p>\n

Jen Lloyd, head of mortgage products and propositions at Skipton, said: \u201cFollowing the reductions we made earlier this month, we\u2019re pleased to be able to cut rates further.<\/p>\n

\u201cWhile falling rates offer encouraging signs for the market, a degree of caution remains important. Conditions continue to be volatile amid ongoing global conflicts and broader economic uncertainty, and it\u2019s too early to say whether this marks a sustained downward trend.<\/p>\n

\u201cAgainst this backdrop, recent easing in swap rates has enabled us to pass on additional savings through our mortgage pricing.<\/p>\n

\u201cThis is a welcome development for existing homeowners and prospective buyers alike, providing some much\u2011needed relief and a potential boost for home buyers at a time when affordability remains under pressure.<\/p>\n

\u201cWe\u2019ll continue to monitor developments closely and respond responsibly where we can.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The Middle East conflict previously caused market volatility and uncertainty about interest rates (PA Archive) More mortgage lenders…\n","protected":false},"author":2,"featured_media":545569,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[16820,84,1294,184940,1284,167237,71488,11750,35115,187188,175399,56,54,55],"class_list":{"0":"post-545568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-barclays","9":"tag-business","10":"tag-economy","11":"tag-halifax-intermediaries","12":"tag-market-volatility","13":"tag-moneyfacts","14":"tag-mortgage-lenders","15":"tag-mortgage-rates","16":"tag-rate-reductions","17":"tag-skipton-building-society","18":"tag-swap-rates","19":"tag-uk","20":"tag-united-kingdom","21":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/545568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=545568"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/545568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/545569"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=545568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=545568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=545568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}