Major banks announce huge changes to mortgages after update - and it's good news
- Posted on February 7, 2025
- By The Mirror
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Major banks announce huge changes to mortgages after update - and it's good news
![](https://i2-prod.mirror.co.uk/incoming/article34387209.ece/ALTERNATES/s1200/2_British-High-Street-Banks-As-Libor-Charges-Mount.jpg)
The Bank of England has cut its base rate from 4.75% to 4.5% which means banks have subsequently started reducing the rates on their fixed and SVR mortgages