28/04/2026
The mortgage market is finally seeing some real competition again. Just in the last week, we have seen major players like Barclays, HSBC, and Santander slashing their rates. TSB even made some cuts of up to 0.6 per cent. For anyone who has been watching the news and worrying about their remortgage, this is a bit of a boost.
Average two-year rates are now sitting around 5.82 per cent. While that is a step in the right direction, it is still a far cry from where we were before the recent conflict. The reality is that these deals might be short-lived. Experts are already warning that swap rates have started to tick back up. It is one of those situations where if you see a good rate, you might need to move quickly before the lenders play catch-up with the market.
We are seeing a lot of people trying to figure out if now is the right time to lock in. It is not just about the lowest headline rate though. Some of the best cuts right now are for people with plenty of equity in their homes, while first-time buyers are still facing a tougher climb.
The situation in the Middle East is still keeping things very volatile. It makes it hard to predict what next month will look like. Because of that, we are telling our clients to focus on what is affordable now rather than trying to gamble on the perfect timing.
You can read more here: https://uk.finance.yahoo.com/.../barclays-other-uk...
Get in touch:
Fareham Office:
📞 Call: 07717 668591
✉ Email: [email protected]
💻 Visit: https://www.templewealth.co.uk
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