Major lenders cut mortgage rates and more could follow - what it means for you as experts predict ‘summer of savings’

Dariusz Karpowicz, direct at Albion Financial Advice, said HSBC, Barclays and NatWest slashing rates was only a good thing though. "This is a welcome relief for borrowers who have been feeling the squeeze of higher rates. "As temperatures rise, it’s refreshing to see mortgage rates finally heading in the opposite direction."