Barclays has announced rate reductions across a number of its mortgage deals, with brokers suggesting more lenders could follow suit in the coming days. The high street bank said the new rates will be available from tomorrow. Here are some of the deals:Broker and director of R3 Mortgages Riz Malik said borrowers should expect further reductions from other high street lender this week thanks to improving market pricing.
'Barclays is the first lender of the week to improve selected mortgage products but my suspicion is that it won't be the last,' he told Newspage. Simon Bridgland, director at Release Freedom, said the deals were 'sizzling hot' - and he thinks more lenders will follow this week. 'Things look set to heat up not just in our skies but in mortgage rates, too. Expect more lower fixed rates to continue to appear in the days ahead,' he added.
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