Abbey National and the Yorkshire Building Society have become the latest lenders to lower their fixed-rate tracker
The moves come on the heels of a long-awaited cut in the Bank of England’s base rate of borrowing and are being seen as an attempt to maintain market competitiveness.
The Yorkshire Building Society meanwhile has a selection of low-interest deals, including a 5.49 per cent fixed
HSBC and Northern Rock are still to pass on the relief to homeowners, while other banks have introduced cuts that fall short of the Bank’s quarter per cent reduction.
© Adfero Ltd