Property News · July 28, 2023

Big UK lenders cut fixed mortgage deals in sign rates may be close to peaking


Moves by Nationwide, HSBC and TSB come after fall in inflation eases fears over future interest rate risesBusiness live updates – latest newsSeveral big lenders including Nationwide, HSBC and TSB have cut rates on their fixed mortgage deals in a sign that home loan costs may be close to peaking after surging to nearly 7%.The reductions follow data last week that showed inflation fell further than expected in June, helping to calm financial markets and trim expectations of the number of interest rate rises still required to tame inflation. Continue reading…

Source : theguardian.com
Read more…Big UK lenders cut fixed mortgage deals in sign rates may be close to peaking