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Leading lenders cut lending rates

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  • Leading lenders cut lending rates

    Halifax and Nationwide have both reduced their standard rates after the Bank of England cut the base rate from 5.75% to 5.5% last week. Halifax passed on the full cut to borrowers, reducing its standard variable rate from 7.75% to 7.50%. Nationwide reduced its base mortgage rate from 7.24% to 6.99%. The director general [...]

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