Barclays, Halifax, Lloyds and Nationwide have reduced mortgage rates after the Bank of England interest cut. The Bank of England's rate-setters lowered the base rate from 4.25% to 4% on Thursday, August 7, marking the fifth interest rate cut since 2020.

Nationwide said customers on both tracker mortgages and SVRs will see a decrease of 0.25% from September 1. Barclays said that all Barclays customers with tracker mortgages will have rates cut by 0.25%, effective from September 1.

Barclays' variable rate mortgage rate is currently 6.24%, and will reduce to 5.99%. Barclays standard variable rate is currently 7.74% and will fall to 7.49%.

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Lloyds customers will also see their rates cut in line with the base rate fro

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