Two-year fixes priced around 4.1% and five-year fixes starting from 3.95% as Barclays and TSB improve rates again
Barclays has announced it is lowering some of its rates by as much as 0.50% across its residential purchase and remortgage range. It is also improving pricing by up to 0.60% across its existing customer range, effective tomorrow, Tuesday 23rd January 2024.
TSB has announced more mortgage price reductions, with the bank reducing rates on its two-year fixed first-time buyer and home mover rates by up to 0.30%. Three and five-year fixed first-time buyers and home movers products will come down by up to 0.35%. Three-year fixed remortgage rate will be up to 0.45% cheaper.
The mortgage price war has been ongoing since just before Christmas, and most lenders have made big price cuts. While rates may come down slightly over the coming weeks, it seems unlikely they will be significantly cheaper.
Aaron Strutt, product director at Trinity Financial, says: “Barclays has lowered a selection of its mortgages and its two-year fixes will be priced at just over 4%. Virgin Money for Intermediaries, Halifax and Santander are some lenders offering sub-4% five-year fixes.”
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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