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LENDERS SLASH FIXED RATE MORTGAGE DEALS AGAIN

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Major lenders including NatWest, Nationwide and Coventry Building Society have cut interest rates on fixed mortgage deals as they bank on inflation dropping. All six of the largest lenders have slashed products in the past seven days - for a fourth week in a row.

Official inflation figures published this morning are expected to buoy hopes that households will feel some reprieve from the pace of eye-watering price rises.

Inflation fell to a 15-month low in June and is predicted to have dropped further. But the Bank of England is expected to keep increasing interest after it raised it to a fifteen year high of 5.25% earlier this month.

Daily Mail

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