UK banking customers could save up to £347 per year following the Bank of England’s decision to cut its base rate from five per cent to 4.75 per cent. The move will immediately benefit thousands of mortgage customers, with major lenders including Halifax, Lloyds Bank, and Metro Bank already implementing rate reductions. Customers with Barclays, Coventry Building Society, Nationwide, NatWest, and Skipton will see changes implemented in the coming days and weeks. The base rate reduction to 4.75 per cent marks the second cut since the summer. According to UK Finance, homeowners with tracker mortg…
