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The Intermediary Newspaper - Specialist lenders spearhead rate cuts, but will the High Street lenders follow?

The Intermediary Newspaper - Specialist lenders spearhead rate cuts, but will the High Street lenders follow?

Over the past two days, challenger lenders like MPowered Mortgages and Gen H have introduced a fresh wave of rate reductions. Citing the recent dip in swap rates, MPowered said it is “taking the opportunity to pass the savings to you and your customers by lowering all of our 2-year fixed rates.” In light of this, along with Wednesday’s widely welcomed inflation announcement that saw inflation dip to 7.9%, brokers have been sharing their predictions as to where the market is headed, and if more rate reductions, particularly from the ‘big’ high street lenders, could be on the horizon. Read Expert Opinion:

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Link to Original Article: The Intermediary Newspaper - Specialist lenders spearhead rate cuts, but will the High Street lenders follow?