Major high street lenders kick off 2025 by slashing mortgage rates [Video]

TWO top mortgage lenders have kick-started the New Year by cutting rates as experts say there could be more price falls to follow.

Halifax has chopped rates for remortgages by up to 0.35% while deals for new borrowers have fallen by up to 0.15%.

The lender offers home movers a two-year fixed rate starting from 4.49% for someone with a deposit of 40% or rates are as low as 4.23% if you want to fix for five years.

At the same time, Leeds Building Society trimmed rates by 0.21% this week.

Rates now start from 4.53% or 4.25% on five-year fixes.

And there could be further reductions to come, according to experts, especially if the Bank of England base rate continues to come down.

Rachel Springall, from comparison site Moneyfactscompare.co.uk, said: “Mortgage holders will be hoping that the Bank of England base rate will fall further …