MORTGAGE lenders have started the year by cutting rates, taking some of the pain out of the cost of a new deal for homeowners reports the BBC.
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.
HSBC has announced it will make cuts on Thursday, in what is being described as a “fast-moving market”.
But homeowners are being warned to pay close attention to what is offered.
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