First Direct cuts mortgage rates, aiding first-time buyers and home movers
![First Direct cuts mortgage rates, aiding first-time buyers and home movers](https://i2-prod.mirror.co.uk/money/article33201599.ece/ALTERNATES/s615/0_first-direct-reduced-the-mortgage-rates-it-is-offering-by-up-to-017-percentage-points-on-tuesday-gareth-fullerpa.jpg)
With economists forecasting a potential cut in the Bank of England base rate from its 16-year peak of 5.25% at the upcoming August vote, mortgage rates from lenders seem to be on a downward trajectory