Halifax joins rivals in cutting mortgage rates

Halifax is set to sharply cut rates on some of its fixed mortgage deals, potentially easing pressure on some homeowners.

Other big mortgage lenders have been cutting rates this week, with some experts suggesting it could be a sign that high inflation - which measures the rate of price rises - could be starting to ease off. Aaron Strutt, from mortgage broker Trinity Financial, suggested: "More of the larger banks and building societies are lowering their rates, which is good news especially given the scale of rate increases we have seen in recent months.""Lenders are starting to realise the market is slowing down, and they need to improve pricing to attract more borrowers."

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