UK interest rate cut: what does it mean for mortgages and savings? | NYGazet

Base rate reduction to 4% will hit some savers, but people with tracker home loans will see immediate benefit

The Bank of England has cut interest rates from 4.25% to 4%. It is the fifth reduction in a year and takes rates back to where they were in March 2023. Will my mortgage get cheaper? For the vast majority of borrowers the answer is no: more than 7.1m ... [3556 chars]