UK interest rate cut: what does it mean for mortgages and savings?

The Bank of England has voted to cut the cost of borrowing, reducing the base rate to 4.25%. Here’s what it means for you

• UK interest rates fall to 4.25%

The Bank of England has cut interest rates from 4.5% to 4.25%.

It follows two interest rate cuts in the second half of last year, and another one in February this year.

Continue reading…The Bank of England has voted to cut the cost of borrowing, reducing the base rate to 4.25%. Here’s what it means for youUK interest rates fall to 4.25%The Bank of England has cut interest rates from 4.5% to 4.25%.It follows two interest rate cuts in the second half of last year, and another one in February this year. Continue reading…