“Have we lastly turned the nook on mortgage distress?” asks the Daily Mail, because it studies that Halifax – the UK’s largest lender – is anticipated to slash its charges by round 0.7 of a proportion level. The paper says the transfer is a part of “a price battle that can deliver much-needed reduction to embattled owners” following comparable selections from Nationwide, TSB and HSBC. It means that the cuts will bolster hopes that mortgage charges have peaked – though debtors face near-record funds.
