UK Mortgage Lenders Cut Rates Amid U.S. Tariff Concerns
UK mortgage lenders, including Coventry Building Society and TSB, are lowering fixed rates as global economic uncertainty rises due to U.S. trade tariffs. The average two-year fixed mortgage rate has dropped to 5.3%, with expectations that the Bank of England may cut interest rates further. Lenders are responding to market shifts and fears of an economic slowdown.