BOE rate cut brings relief to homeowners as UK lenders slash mortgages

BOE rate cut brings relief to homeowners as UK lenders slash mortgages

A row of traditional houses on a street in London’s Muswell Hill suburb, located to the north of London, with views of the Canary Wharf on the horizon. Georgeclerk | Istock | Getty Images LONDON — Britain’s major high street lenders have begun slashing their mortgage rates in a sign that financial pressure on households … Read more

Decline in UK Mortgage Rates Spurs Optimism for Homebuyers and Remortgagors

Decline in UK Mortgage Rates Spurs Optimism for Homebuyers and Remortgagors

The average cost of a two-year fixed-rate mortgage in the UK has fallen below 6 per cent for the first time in almost six months, figures showed on Friday. In news that will be welcome to homebuyers and remortgage buyers, data from Moneyfacts showed that the cost of borrowing is still falling from the peaks … Read more