UK lenders this week began lowering their fixed-rate mortgages, after a month of steep interest rate rises triggered by market turmoil following the Iran war, according to FT

The recent reductions in fixed-rate mortgages by UK lenders signal a potential easing stance in response to the recent economic turmoil linked to the Iran war. This shift may indicate a recalibration of lending practices, affecting both the housing market and broader consumer sentiment, while also impacting interest rate expectations going forward.