UK Mortgage Rates Begin to Fall Following Peak in Iran War
Mortgage lenders in the United Kingdom have started to reduce rates on new deals, offering some relief to first-time buyers affected by the economic consequences of the ongoing Iran war.This shift comes as financial markets respond to hopes of a long-term truce in the conflict, halting the recent rapid rise in borrowing costs and initiating a reversal.Major lenders are making "meaningful" cuts to mortgage rates, although experts caution that the situation remains fragile, with borrowers still vulnerable to sudden changes in costs.First-time buyers have expressed relief at the easing rates, despite the overall expense of purchasing a home remaining high... [Continue Reading]
360LiveNews | 18 Apr 2026 01:02 LONDON
