Barclays, Santander slash mortgage rates

Barclays PLC (LSE:BARC) and Banco Santander (LSE:BNC) are the latest major lenders to slash mortgage rates.  Today, Barclays is expected to cut rates by up to 0.5 percentage points on products targeting homebuyers, including new two-year fixed-rate deals.  Barclays’ cheapest two-year fixed rate, which is only available to buyers with a deposit of at least 40%, will be cut from 4.62% to 4.17%.  It is also dropping its two-year fixed rate to 4.2% for buyers with a 25% deposit, while customers with a small dep ...