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Evening Standard
Evening Standard
Business
Jonathan Prynn

First-time buyers in London handed £200-a-month boost thanks to falling mortgage rates

First-time buyers in London have been handed a £200-a-month boost by huge falls in mortgage rates that have dragged the cost of home loans back down below four per cent.

An intense mortgage price war over recent weeks has seen lenders scrapping to win business from buyers by slashing the cost of fixed-rate deals to their lowest levels for six months.

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