Barclays brings back sub-4% deal as HSBC, NatWest and Coventry BS join 30 April rate cut wave

Barclays relaunched a sub-4% mortgage on 29 April, pricing a two-year tracker at 3.96% for Premier purchase borrowers at 75% LTV. HSBC, NatWest and Coventry Building Society followed with cuts of up to 19 basis points across residential and BTL ranges from 30 April. The coordinated easing follows weeks of swap-rate volatility tied to the Iran conflict. For buyers, headline pricing is loosening at the top end; for sellers, it widens the pool of affordable borrowers. The caveat: sub-4% is gated to Premier borrowers, not yet a market-wide return.