More than 600,000 to see cuts of £341 a year on tracker rate mortgages within days | Personal Finance | Finance
A cut in mortgage bills worth £341 a year is on the way for 643,000 home buyers, easing the squeeze on household finances, according to experts.
Major banks have given the exact dates that customers with tracker mortgages will see their repayments reduce in line with the 0.25 percentage point fall in the Bank of England base rate.
The average saving made by these buyers is put at by an average of £28.44 a month or £341 a year, according to figures from the banking industry trade body UK…
