Barclays cuts fixed mortgage rates by up to 13bps from 2 July as Santander and TSB also reprice down

Barclays reduces selected fixed and tracker rates by up to 0.13% from 2 July, its five-year fix at 60% LTV falling to 4.33%, following Santander cuts of up to 0.21% and TSB reductions a day earlier. Softer market rate expectations for the Bank of England's path are feeding through to fixed pricing via swap rates. For buyers, five-year money at 60% LTV now sits in the low 4s, modestly stretching budgets; for sellers, slightly deeper buyer affordability. These are trims, not a step change — pricing remains well above pre-2022 norms.