Bank is largest UK lender to cut rates in apparent response to turbulence, and experts predict others will follow
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Barclays has become the largest UK lender so far to cut its mortgage rates in apparent response to the financial turmoil sparked by the US trade tariffs, with some deals now priced at below 4%.
It is the first “big six” lender to enter the sub-4% fixed-rate market after similar announcements by some smaller lenders earlier this week, leaving brokers wondering whether this was a one-off move or the start of a new home loans price war.