Barclays Halifax cut mortgage rates to lure buyers
Barclays and Halifax Cut Mortgage Rates as Banks Fight for Customers
Barclays Halifax cut mortgage rates to lure buyers
In a competitive move to attract more customers amid a turbulent housing market , two major UK banks, Barclays and Halifax , have announced significant cuts to their mortgage rates . This decision is a strategic response to the ongoing challenges in the housing sector, where rising interest rates have put pressure on homebuyers and homeowners alike. With this move, both banks aim to gain a competitive edge in the mortgage market as demand for home loans shifts in response to changing economic conditions. The Mortgage Rate Cuts: What You Need to Know Barclays and Halifax , two of the largest lenders in the UK, have unveiled reductions on a wide range of their mortgage products. The cuts, which affect both fixed and variable rate mortgages, are expected to make homeownership slightly more affordable for many borrowers. Barclays, for instance, has reduced rates across its 2, 5, and 10-year fixed-rate mortgage products. The bank has focused on lowering the rates for first-time buyers and those …
