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of people in the uk facing soaring housing costs. lenders have started the new year by slashing the cost of mortgages — as financial markets bet the bank of england will soon begin to cut interest rates from their 15—year high. banking giant hsbc becomes the first major lender to bring back mortgages below 4% since last march. it comes as rival halifax slashed almost a percentage point off some of its mortgage rates this week. and it's raised hopes of a price war between banks. our cost of living correspondent kevin peachey reports. more than one and a half million homeowners are going to be renewing their their mortgages because their current deal is expiring this year and that new deal is likely to be more expensive. so this renewed competition between lenders is really good news for them, may relieve some of that financial pain, may make it a little bit less intense. remember, too, that landlords, the pressure on them may ease a little and that could feed through to tenants who may see
those rent rises go a little less sharply. all this is possible because economists are predicting that the next move and the bank of england's benchmark rate will be down. and so that's already fed through to mortgage lenders�* own funding costs. and so that's why the halifax, the uk's biggest lender, has been able to announce this quite chunky fall, really. and then others like hsbc will announce further or we'll see further reductions. and it does depend on what deal you've got. it will depend on your circumstances. and another warning that brokers expect more rate cuts to come, but they won't fall to the ultra low levels that we've benefited from for a decade or so. around the world and across the uk, this is bbc news.
candidates in tory—held seats. he said reform uk candidates would stand in every seat in england, scotland and wales. mortgage lenders have started the year by cutting rates, taking some of the pain out of the cost of a new dealfor homeowners. the uk's biggest lender, the halifax, has cut some interest rates by close to one percentage point, with brokers now expecting others to follow suit. our business correspondent kevin peachey is here, so what's the prospect for people with mortgages in the coming year? more than1.5 more than 1.5 million home owners will see their current fixed mortgage deal expire this year. and they will be looking for a new deal in all likelihood that will be more expensive. but because of this competition now between the lenders it will take some of the intensity out of that pain. as you mention the halifax the biggest mortgage lender in the uk announced quite chunky
an 18—year—old man has also been arrested on suspicion of affray. hsbc has become the latest big uk lender to start the year with mortgage interest rate cuts. it comes after the uk's biggest lender, the halifax, cut some rates by almost one percentage point. 0ur cost of living correspondent kevin peachey is here. so, what's the prospect for people with mortgages in the coming year? more than1.5 more than 1.5 million homeowners are going to be renewing their mortgages because their current deal is expiring this year. that new deal is likely to be more expensive so this renewed competition between lenders is really good news for them, it may relieve some of that financial pain and might make it a bit less intense. rememberthat and might make it a bit less intense. remember that landlords, the pressure on them my teaser little and that could feed through to tenants who may see those rent rises go a little less sharply. all
this is possible because economists are predicting the next move in the bank of england's benchmark rate will be down and so that is already fed through to mortgage lenders�* on funding costs, so that is why the halifax, the uk�*s biggest lender, has been able to announce this quite chunky fall and others like hsbc tomorrow and others will announce further, will see further reductions. it does depend on what deal you have got. it will depend on your circumstances. another warning that brokers expect more rate cuts to come, but it won�*t fall to the ultralow levels we have benefited from for a decade or so.— from for a decade or so. kevin, thank yom _ a motorist has been killed after a tree fell on his car during storm henk that swept across large parts of the uk yesterday. high winds caused widespread travel disruption and thousands of homes lost power. almost 300 flood warnings are still in place in england, scotland and wales due to heavy rain. there�*s one severe flood warning — meaning a potential threat to life —
he was rediscovered, wasn't he, in a car park? under the r. yeah! crazy! amazing, innit? amazing. and, of course, there are fans of richard iii who's a bit furious with shakespeare because how we imagine richard iii existed and the way he lived his life is entirely defined by shakespeare's version of it, which was entirely theatrical, and which shakespeare used for his own purposes, so yes, he is part of the weft of our cultural life. whatever the historical truth may be, shakespeare has made of richard an unscrupulous murderer, twisted in mind and body, relentless in his ambition to gain the crown of england, destroying all who stand in his way. darest thou resolve to kill...? there's so many words that he coined for the first time and, you know, things that we say every day which that... like what? "neither a borrower nor a lender be," you know?
When HSBC put its Canadian business – the country’s seventh-largest lender – on the auction block in October, 2022, it attracted a flurry of interest from the country’s major banks