Barclays, HSBC and Nationwide reduce mortgage rates after Bank of England interest cut – see the full list

MORTGAGE lenders have begun slashing their interest rates after the Bank of England cut its base rate today.

More than a million homeowners on certain types of mortgages will see a decrease in their monthly payments following the decision.

GettyLenders have confirmed when homeowners will see their payments go down[/caption]

Barclays, Nationwide, HSBC and Lloyds have all confirmed their customers on standard variable rate (SVR) and tracker mortgages will benefit within days.