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The Independent UK
The Independent UK
National
Adam Forrest

Interest rate cuts will soften mortgage blow by £11bn – but Brits still face £19bn rise

Getty

Bank of England interest rate cuts are set to soften the blow of increased mortgage payments in 2024, top economists have said.

Homeowners face a brighter-than-expected picture at the start of the year, as lenders begin to cut their rates – with some fixed-period deals now available at under 4 per cent.

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