HSBC lower mortgage rates but Barclays, NatWest and Santander still offering many of the most competitively priced deals

by Aaron Strutt

Apr 10 2024

Mortgage lenders have been pretty quiet over the last few weeks and there have not been as many rate changes as usual.

HSBC has trimmed rates on several residential and buy-to-let mortgage deals for borrowers with a 40% deposit. The largest price improvement was HSBC's two-year fix for new customers making a residential purchase, which was reduced by 0.11%.

HSBC's five-year fix, available to borrowers with a 40% deposit and new customers making residential purchases, has been cut by 0.4% to just below 4.25%. It has a £999 arrangement fee and is available for mortgages, often between £100,000 and £5 million.

Halifax for Intermediaries has announced that it will lower some mortgage rates but increase others with effect from tomorrow, April 11th, 2024. 

Barclays is one of the big lenders offering competitively priced mortgages

Barclays recently increased some of its mortgage rates but still offers some of the most competitively priced two—and five-year fixes, although with MPowered Mortgages, NatWest, and Santander.

For borrowers with 40% deposits, Barclay's two-year fixed rate is priced at just over 4.5%, and its lowest five-year fix is below 4.20%. The three-year fixed rate is priced below 4.35%.

Aaron Strutt, product director at Trinity Financial, says: "We went through a period where the lenders were increasing their rates, although there have not been as many changes over the last week. We are still expecting rates to edge down over the coming months, but this is subject to inflation levels.  

"We are speaking to more first-time buyers keen to get on the property ladder and get out of renting, especially with average rents set to jump 13% over the next three years, according to the Resolution Foundation."

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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