Two of the UK's major lenders cut mortgage rates
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Santander and Barclays have reduced mortgage rates below 4% amid increased competition and expectations of further Bank of England rate cuts.
February 13, 2025 | 9:00 am
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Barclays has reduced its mortgage rates below 4% for the first time since November, indicating increased competition among lenders and potential impacts from expected Bank of England rate cuts.
Barclays' decision to lower mortgage rates could attract more customers, potentially boosting its mortgage business. The move aligns with expectations of further rate cuts by the Bank of England, which could positively impact Barclays' stock in the short term.
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