Long ReadAug 15 2024

Base rate has been cut, but how far can mortgage rates fall?

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Base rate has been cut, but how far can mortgage rates fall?
Lenders have been reducing fixed mortgage rates after the Bank of England cut the base rate to 5 per cent. (FT Fotoware)
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The Bank of England announced a long-awaited cut to the base rate in August, with lenders subsequently confirming cuts to variable rate mortgages.

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