Barclays, HSBC and TSB all cut mortgage rates again

A trio of major mortgage lenders all cut their headline fixed rates again as the cost of home loans falls to their lowest level since before Liz Truss’s mini-Budget.TSB has slashed 0.25% off its two, three and five year deals for homeowners and first time buyers, wi starting tomorrow.Barclays and HSBC in a full scale price war that is starting to breathe life back into the property market.The reductions come as the City wholesale market swap rates that set the price for fixed rate mortgages continue to drift downwards in anticipation of more interest rates cuts by the Bank of England following its 0.25% downward move earlier this month.