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The Guardian - UK
The Guardian - UK
Business
Zoe Wood

UK lenders expected to make further mortgage rate cuts next week

United Kingdom Bank of England Nick Mendes Interest Rates Nationwide NatWest
People look in the window of an estate agents in South Kensington, London
While the pause on interest rates maybe good for homeowners it may be bad news for savers. Photograph: Daniel Leal-Olivas/PA

UK lenders are expected to launch another round of mortgage rate cuts next week amid optimism home-loan costs have peaked after the Bank of England’s decision to keep interest rates on hold.

So far Nationwide is the only big lender to reduce mortgage rates since the Bank announcement on Thursday. NatWest went earlier in the week after official data showed an unexpected fall in UK inflation in August.

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