BBC News - Borrowers' pain eased as lenders cut mortgage rates
Mortgage lenders have started the year by cutting rates, taking some of the pain out of the cost of a new deal for homeowners.
"When lenders make big rate cuts, they do not generally reduce all of the products by the same amount," said Aaron Strutt, from broker Trinity Financial.
"Banks and building societies will want the strongest possible start to the year, so it seems almost inevitable that more of them will improve their rates and fight it out to offer the cheapest deals," added Mr Strutt.
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