MORTGAGE lenders have raced to slash their rates after the Bank of England cut the base rate earlier this afternoon.
Within five minutes of the announcement, Santander announced that it would decrease all tracker and standard variable rate mortgages by 0.25%.
PAWe’ve listed all the lenders cutting mortgage rates below[/caption]Coventry Building Society, Barclays, Metro Bank and Virgin Money soon after followed suit.
It comes after several lenders cut their fixed...