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Evening Standard

Vicky Shaw

THE TRUTH ABOUT: Tracker mortgage holders could save nearly 350 a year following rate cut | History Defined

Bank of England UK Finance Halifax Housing Market PA Graphics

The average homeowner on a tracker mortgage will see their monthly repayments fall by nearly £29, after the quarter-point snip to the Bank of England base rate.

UK Finance said homeowners on tracker deals will typically see their monthly repayments reduce by £28.97, based on balances outstanding. This could add up to a saving of nearly £350 over the course of a year.

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