Lenders pass on 0.5% rate cut
Lenders Halifax, Barclays and Lloyds TSB have confirmed they will pass on the Bank of England's 0.5% rate cut.
Lloyds, which lends under the Cheltenham and Gloucester brand, said it will reduce its standard variable rate by 0.5% to 6.5% on November 1.
Halifax and Barclays will also lower standard variable rates to 6.5% on the same date while all mortgage customers with tracker deals will also benefit.