Santander, Barclays cut as mortgage rates fall for another week
Portfolio Pulse from
Mortgage rates in the UK have declined again this week, with Barclays PLC and Banco Santander among the banks reducing their rates. The typical interest on a two-year fixed-rate mortgage fell from 5.4894% to 5.4685%.
December 13, 2024 | 11:45 am
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Barclays PLC has reduced its mortgage rates as part of a broader decline in UK mortgage rates. This move could potentially attract more mortgage customers.
Barclays' decision to cut mortgage rates aligns with the overall trend of declining rates in the UK, which could make their mortgage products more attractive to consumers, potentially increasing their customer base and revenues.
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