Newspaper headlines: ‘Threat to quit ECHR’ and ‘mortgage price war’

“Have we finally turned the corner on mortgage misery?” asks the Daily Mail, as it reports that Halifax – the UK’s largest lender – is expected to slash its rates by around 0.7 of a percentage point. The paper says the move is part of “a price war that will bring much-needed relief to embattled homeowners” following similar decisions from Nationwide, TSB and HSBC. It suggests that the cuts will bolster hopes that mortgage rates have peaked – even though borrowers face near-record payments.