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hsbc cuts mortgage rates amid rising inflation and market volatility
HSBC is set to reduce residential and buy-to-let mortgage rates starting February 24, despite recent inflation rising to 3%. This move reflects lenders' expectations of potential base rate cuts, as the Bank of England recently lowered rates to 4.5%. Industry experts view this as a positive sign for borrowers, indicating growing confidence in the property market.
financial pressures mount as scots face mortgage and council tax struggles
More Scots are struggling to pay their mortgage and council tax bills, according to a debt charity. The financial pressures are exacerbated by pub closures and calls for the UK Government to increase the personal tax allowance for pensioners. Meanwhile, Santander reassures that the UK remains a core market despite regulatory challenges.
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