Some of the biggest lenders in Britain are said to be making significant cuts to their mortgage rates from tomorrow (August 9).
Three major banks will make reductions of up to 0.55 percent on fixed mortgage products, which is set to be good news for many homeowners.
Nationwide Building Society has already announced reductions of up to 0.55 percent on its fixed mortgage products from Wednesday, whilst TSB is making reductions of up to 0.40 percent to selected five-year fixed homeowner mortgages, with rates starting from 5.44 percent.
HSBC UK is also expected to make cuts to residential mortgages on Wednesday, although the bank has not yet given any details.
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