Summary: Halifax , the UK's biggest mortgage lender, is reducing rates by up to 0.71 percentage points. HSBC and other major banks have also announced rate cuts in response to rising mortgage rates. The reduction in rates provides relief to homeowners and potential buyers, especially for fixed-rate deals. The move is influenced by expectations of Bank of England rates and inflation trends. Mortgage rates have been on the rise due to consecutive interest rate increases by the Bank of England . Recent decrease in inflation offers optimism about possible rate stabilization. Mortgage companies are aiming to attract customers by ...

UK Inflation Falls But Still Among Highest of Major Economies Summary: UK inflation remains high, causing financial strain for millions of households. Families face rising prices for essential items, while wages lag behind. Housing costs are adding to the burden, with mortgage rates on the rise. Supermarkets face criticism for not passing on cost cuts to consumers. Government efforts to tackle the cost of living crisis face scrutiny and demand for more action. Millions of hous...