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Lenders cut mortgage rates in wake of interest rate cut

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  • Lenders cut mortgage rates in wake of interest rate cut

    Following yesterday’s 0.5% cut in UK interest rates, some mortgage lenders have responded and said they plan to cut their standard variable rate by half a percentage point. Cheltenham & Gloucester (the home-loans branch of Lloyds TSB), First Direct (part of HSBC), Halifax, Lloyds TSB, NatWest, Royal Bank of Scotland and Woolwich have all said [...]

    More: Lenders cut mortgage rates in wake of interest rate cut

  • #2
    But to what extent will they be passed on to customers is the question. Several mortgage lenders have increased their margins on trackers.

    A good mortgage broker will be able to help you find a mortgage lender who is offering the best rates available. Seek advice in these tricky times.

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