Today’s decision by the Bank of England to cut the base rate from 5.25% to 5% has met with a swift response from some of the UK’s leading mortgage lenders. Barclays, Lloyds TSB, HBOS and Nationwide have all pledged to reduce their standard variable rates from 1st May, for existing customers. Royal Bank of Scotland/NatWest and HSBC [...]
Leading lenders honour base rate cut
