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Three major lenders have cut mortgage rates in what could be the start of a downward shift in interest rates.

The deal is the first acquisition NatWest chief executive Paul Thwaite (pictured) has made since taking over earlier this year.

The FTSE 100 closed up 67.35 points at 8272.46. Among the companies with updates today are NatWest, Sainsbury's, YouGov and Tate & Lyle.

Deal comes as supermarket seeks to offload businesses in order to focus on core grocery arm

Experts have told homeowners not to expect sweeping cuts to mortgage rates as interest rates stay at 5.25 per cent

NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury’s, the second-largest grocer in the country. The deal, worth £2.5 billion ($3.2 billion), will increase NatWest’s…

“It’s the strategic implications that are of interest here” – Will Howlett, Quilter Cheviot

Sainsbury's previously announced that it is in the process of pulling out of the banking industry to focus on its retail business

Supermarket says it is going to focus on food as its retreats from the banking business

The high street bank was confirmed today (Thursday June 20) to be set to to take on most of Sainsbury’s Bank customers.

The supermarket giant continues to shift its focus to retail ???? Here’s what it means for customers ????

Sainsbury’s is selling its core banking business to NatWest for an undisclosed sum, as part of its plan to focus on retail, and said it would return £250 million of excess capital to shareholders.

NatWest will take on £1.4billion of unsecured personal loans, £1.1billion of credit card balances and about £2.6billion of customer deposits from NatWest when the deal completes next year

Sainsbury's is to sell its banking business to NatWest and agreement could see NatWest take on around one million customer accounts, as well as £1.4bn of unsecured personal loans.

Supermarket giant Sainsbury's has offloaded the bulk of its banking business to NatWest in a deal that will see the lending giant take on around another million customer accounts.

The deal will see NatWest take on £1.4 billion of unsecured personal loans, £1.1 billion of credit card balances and about £2.6 billion.