BBC News lead story - Halifax joins rivals in cutting mortgage rates
Halifax is set to sharply cut rates on some of its fixed mortgage deals, potentially easing pressure on some homeowners.
The UK's biggest mortgage lender will reduce rates by up to 0.71 percentage points from Friday. Other lenders such as HSBC, Nationwide and TSB have cut some rates.
Aaron Strutt, from mortgage broker Trinity Financial, told the BBC website: "More of the larger banks and building societies are lowering their rates, which is good news especially given the scale of rate increases we have seen in recent months.
"It would not be a surprise if more of them improve their rates over the coming weeks," he added.
"Lenders are starting to realise the market is slowing down, and they need to improve pricing to attract more borrowers."
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