Bank cuts mortgage rates for first-time buyers and home movers as shake up begins
Briefly

First Direct reduced rates on two, three, and five-year fixed mortgages for first-time buyers and home movers. A two-year fixed-rate deal for a 15% deposit dropped from 5.16% to 4.99%.
Economists predict a potential Bank of England rate reduction from 5.25% on August 1, leading to a trend of mortgage rate decreases. Other major lenders like Halifax, HSBC UK, Barclays, Santander, NatWest, and Yorkshire Building Society have also cut rates.
Read at www.independent.co.uk
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