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It had an"encouraging" start to 2023 despite borrowing costs, but said market conditions"weakened" in the second quarter. Instead, more people have been forced to rent, fuelling further demand and pushing prices higher, harming renters' prospects of saving a deposit for their own home.As a consequence, housing insecurity is becoming mainstream.
The most notable cut today comes from NatWest, whose two-and five-year fixes will fall by up to 30 percentage points.Virgin Money is cutting some deals by 0.41 percentage points; Halifax is trimming the rate on its five-year fixed remortgage products by 0.18 percentage points. Dominic Morrey, Tesco commercial director for fresh, said:"We're really pleased to be able to provide a further package of financial support to our UK egg suppliers and producers.