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The Guardian - UK

Business

Rupert Jones

HSBC and NatWest cut mortgage rates again as rivals tipped to follow

HSBC NatWest United Kingdom

Brightly painted cottages — UK lenders have been reducing their mortgage rates since the second half of July. Photograph: ColsTravel/Alamy

HSBC and NatWest have announced a fresh round of mortgage rate cuts and Britain’s remaining large lenders are expected to follow suit in a move that will ease some of the pressure on hard-pressed Britons.

HSBC said it was cutting rates across many of its new fixed products – including some of its first-time buyer, home mover and remortgage deals – with effect from Tuesday, when full details of the reductions will be published.

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