HSBC and NatWest cut mortgage rates again as rivals tipped to follow

Decision will ease some of pressure on UK homebuyers and people seeking remortgage deals

HSBC and NatWest have announced a fresh round of mortgage rate cuts and Britain's remaining large lenders are expected to follow suit in a move that will ease some of the pressure on hard-pressed Britons

HSBC said it was cutting rates across many of its new fixed products - including some of its first-time buyer, home mover and remortgage deals - with effect from Tuesday, when full details of the reductions will be published.