Moneyfacts.co.uk have welcomed the decisions by a number of high profile lenders to reduce some of their mortage rates.
Nationwide, Abbey, Cheltenham & Gloucester, Northern Rock and Woolwich have all reduced rates during the first week of October.
Louise Holmes, spokesperson at Moneyfacts.co.uk, has welcomed the moves as “positive steps””.
Lender cuts "a step in the right direction"
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