Page 4 - Aaron Strutt News Today

Halifax is set to sharply cut rates on some of its fixed mortgage deals, potentially easing pressure on some homeowners.

Three of Britain’s biggest lenders have cut mortgage rates for the second time in two weeks.

The Bank has increased interest rates for the 14th consecutive time

Home buyers could benefit from mortgage rate reductions following an expected 0.25 percentage Bank Rate rise later this week.

Mortgage rates have fallen as major lenders announced more cuts following better-than-expected inflation figures last week.

HSBC is the first high-street bank to cut mortgage rates after better-than-expected inflation figures last week.

Average mortgage rates dipped for first time since May following inflation surprise

The cost of borrowing for residential buyers has decreased by a fraction after months of soaring rates

Landlords are more likely to have their properties repossessed than live-in homeowners, as mortgage lenders’ new higher rates push increasing numbers into the red.

Lenders will be questioned in front of MPs on Tuesday as homeowners face higher monthly payments.