What does the mortgage base interest rate cut mean?
As of February 7, 2025, the UK mortgage landscape has seen notable developments: This week, the Bank of England recently reduced the base interest rate by 0.25 percentage points to 4.5%, marking the third cut in six months and the lowest rate since May 2023. In response, several major lenders, including Lloyds, Barclays, HSBC, Coventry