Exciting News for Homebuyers! 🏡
Three of the UK’s major banks have just announced a fresh round of mortgage rate cuts, sparking new hope for first-time buyers and those looking to remortgage. Barclays, Halifax, and HSBC are the financial giants leading this promising trend.
On January 5th, HSBC took the first step by lowering prices on both residential and buy-to-let fixed-rate mortgages. Not to be outdone, Barclays and Halifax followed suit, revealing reductions in a range of their fixed mortgage rates. Barclays now offers a stunningly low rate of 3.56% for Premier customers with a 40% deposit.
For those remortgaging with 25% equity, Barclays offers a two-year fix at 3.78% with a £999 product fee—a match to HSBC’s similar offer albeit with a slightly higher fee of £1,008. Halifax is lowering its rates by up to 0.16 percentage points starting Friday. 💷
According to mortgage expert Shaun Sturgess, these aren’t the boldest cuts we’ve seen, but they signal a positive shift. He suggests that this trend could be the start of steady reductions throughout 2026, rather than dramatic drops. For first-time buyers in places like South Wales, this is a real opportunity to step onto the property ladder.
Don’t let this chance slip away if you’re considering buying a new home or remortgaging! It’s time to explore the possibilities and take advantage of these more affordable rates. 🌟