Barclays slashes mortgage rates on fixed deals ahead of Bank of England decision

Speaking to the Newspage news agency, Dariusz Karpowicz, director at Albion Financial Advice commented: “Barclays' decision to lower rates on its fixed-rate Purchase deals, particularly at higher loan-to-value levels, is a refreshing departure from the recent trend of rate hikes among mainstream lenders.”

However, he noted: “While this reduction brings welcome news for potential homebuyers, I'm hesitant to anticipate a similar trend from other lenders amidst the current economic uncertainty.

“It's certainly a breath of fresh air, but whether it will influence other lenders remains uncertain."