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Politics

Vicky Shaw

SHOCKING: Average tracker mortgage payments will fall by nearly 30 | Mind Blowing Facts

Bank of England Rachel Springall David Hollingworth UK Finance LC Mortgages

The average homeowner tracker mortgage payment will reduce by £28.98 following Thursday’s base rate cut, UK Finance said (Peter Byrne/PA) - (PA Archive)

The average homeowner on a tracker mortgage will see their monthly payments fall by £28.98, according to UK Finance.

Someone on a standard variable rate (SVR) mortgage will see their monthly payment reduce by £17.17 on average, following the 0.25 percentage point cut to the Bank of England base rate on Thursday.

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