Fixed-rate mortgage cuts have been given priority this week. Part of this was due to prominent lenders and prominent margins, with only a few lenders increasing the selected interest rate at a much lower margin.
Moneyfacts Finance expert Rachel Springall points out that these movements drop to the overall average rate, so the average weekly 2- and 5-year fixed rates fell to 0.03% and 0.02%, respectively. This was a 5.49% decrease to 5.30%. 
Prominent brands that cut their selected fixed rates this week include Lloyds Bank up to 0.45%, HSBC up to 0.20%, Barclays Mortgage up to 0.25%, Halifax up to 0.30%, but selectivity rate is 0.07 Increased by %. TSB decreased by up to 0.10%, but selectivity also increased by up to 0.10%.
The architectural society moved at several rates this week. The reductions included up to 0.30% for West Brom BS, up to 0.24% for Newcastle Building Society, 0.15% for Leeds Building Society, and up to 0.36% for Melton Building Society. Coventry Building Society has increased not only up to 0.27%, and Yorkshire Building Society has increased not only up to 0.31%, but selectivity has increased by up to 0.06%.
To avoid being noticed, several more lenders have 0.28% rates, up to 0.16%, Vida home loans, up to 0.20%, up to 0.20%, Aldermore has max.16% for foundation home loans , moved to Aldermore to reduce. Adjust mortgages up to 0.20% and up to 0.10%.
According to Springall, one eye-catching deal that will hit the Moneyfacts Best Buy table this week is a two-year fixed-rate deal from the Yorkshire Building Society, which will sell at a price of 4.39%, with Remortgage customers taking a 75% loan And it was available to valuable customers. .
It includes a free rating and a free legal fee incentive package and charges a product fee of £995. This may be an attractive choice for those who want to minimize the cost of mortgage advances.
“As the Bank of England's base rate fell 0.25% this week, lenders are already beginning to see some lenders who can quickly pass this cut to the base rate tracker. Borrowers sit in standard floating rate trading. If there is, I hope these reductions will slowly pass through them.”
However, Springall added: “It is worth remembering that there is no guarantee that base rate reductions will be passed outside the BBR link tracker rate. Swap rates have been on a downward trend over the past few days, so lenders will be locked over the next few weeks We consider this for future fixed fee pricing for borrowers looking for interest rate transactions.”
