The Bank of England's latest base rate cut to 4%, its fifth this year, will ease borrowing costs for some households. Tracker and variable-rate mortgage holders are set to see lower monthly repayments within weeks.
However, financial analysts say pensioners could gain the most. The state pension's triple lock means next year's payments are likely to rise in line with wage growth or inflation, both running above 4%, potentially delivering a bigger boost than the savings made by many borrowers.
