HSBC has become the first big lender to cut mortgage rates following better than expected inflation data.
The UK’s sixth-largest bank said it was reducing the cost of residential products by as much as 0.35 percentage points, as borrowing costs for homeowners reach almost 7%.
HSBC has cut rates on about 100 of its mortgage deals, including reducing a two-year fixed-rate mortgage with 60% loan-to-value by 10 basis points to 6.14%.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
