This is a news story, published by CNBC, that relates primarily to BOE news.
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mortgage ratesCNBC
•86% Informative
HSBC, Santander and Nationwide are among the lenders to have trimmed borrowing costs following the BOE 's decision to lower its Bank Rate to 5% from its 16-year high of 5.25% .
Homeowners on tracker mortgages, which follow the Bank 's base rate, will be the first to benefit.
Initial savings for homeowners are set to be minimal — averaging around 28 per month for those on tracker rates.
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