Mortgage lenders announce significant rate cuts
January 2024 welcomes a positive change in the mortgage market with several of the UK's major mortgage lenders making significant rate cuts across their products.
In a latest article from the Independent, it is reported that several of the UK’s biggest lenders including Halifax, Barclays, Santander, and HSBC have all made significant rate cuts across their mortgage products.
This is reassuring news for prospective homebuyers, with rates dropping to the lowest they’ve been since summer 2023 and economists predicting that the Bank of England will start reducing the base rate this year, likely in the spring or summer.
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