Donald Trump's trade tariffs prompt lenders to launch more sub-4% mortgage rates
Coventry for Intermediaries and Barclays have launched a range of sub-4% fixed mortgage rates, lowering the cost of borrowing for many.
Some mortgage lenders have been improving their rates following a swift reduction in the cost of funding mortgages brought on by Donald Trump's trade tariffs.
Coventry for Intermediaries offers a sub-4% two-year fixed rate for borrowers buying a home with a 35% deposit. There is a £999 arrangement fee and a free property valuation. The mortgage must be taken on full capital repayment, or the interest-only rate increases by 0.10%.
Barclays for Intermediaries has launched a range of sub-4% two, three and five-year fixes for borrowers purchasing a property with a 40% deposit. The mortgages have £899 arrangement fees and maximum loan sizes of £2 million. Barclays last pulled its sub-4% rates on the 1st April.
Aaron Strutt, product director at Trinity Financial, says: “Mortgage borrowers may be in line for more unexpected rate cuts following Donald Trump's tariff interventions. The cost of funding mortgages has dropped, meaning lower fixed rates may be coming.
"We are now in the unusual situation where some two and three-year fixed-rate mortgages undercut the five-year fixed-rate mortgages. Not long ago, rates looked like they were going up rather than coming down."
Call Trinity Financial on 020 7016 0790 to secure a mortgage, book a consultation, or complete our mortgage questionnaire.
The information contained within was correct at the time of publication but is subject to change.
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