Lenders cut fixed mortgage rates again, with HSBC repricing residential and buy-to-let deals from 3 June

HSBC cut rates across its residential, first-time buyer, remortgage and buy-to-let ranges from 3 June, after Gen H trimmed up to 0.20% on 1 June and Allica and ModaMortgages followed. The moves track easing swap rates - lenders' wholesale funding costs - which had spiked earlier on Middle East tensions. For buyers, that means slightly cheaper fixes to lock in now; for sellers, modest support for demand at the margin. It is a gradual easing, not a sharp fall, and brokers warn the cuts could stall before the Bank of England's 18 June decision.