Many mortgage lenders are cutting tracker and variable mortgage rates for existing customers as the dust settles on the Bank of England's decision to cut the base rate from 4.25% to 4% just days ago.
The Bank's Monetary Policy Committee (MPC), which determines the rate, voted by a majority of five to four to cut the rate to 4% (four members voted to hold the rate at 4.25%). The base rate is used ...
Just 26% of savings accounts are paying more than the Bank of England base rate, according to data from Moneyfacts Group, with the Moneyfacts Average Savings Rate falling to 3.46% in September, down ...
Some mortgage rates have been hiked over the past month, despite August’s base-rate cut, while “frustrated” savers have seen rates tumble, according to a financial information website. The Bank of ...
The Bank of England has confirmed it has slashed the UK's base rate from four per cent to 3.75 per cent in a win for mortgage holders, businesses, the Government and borrowers. Markets had priced in a ...
Matthew is an award-winning journalist, specialising in savings, tax and insurance. As savings rates fall, one new cash Isa promises to stay competitive by tracking the Bank of England base rate.