New Government Agency
Still Confident On Property

Stalling Interest Rates Cuts

Published / Last Updated on 07/03/2003

Following the cut of 0.25% in the Bank of England base rate, it is believed that none of the top 15 lenders have passed on the full rate cut in their Standard Variable Rates to borrowers.  In addition, it is thought that HSBC, Bradford & Bingley, Britannia and Natwest are yet to notify borrowers whether or not cuts will be made at all.  Since this rate cut lenders seem reluctant to make changes in case they are accused of fuelling the housing market further.  Search the news archive for more on property and mortgages.Visit our brand new web site Mortgage Crazy.com.What are the differences and advantages/disadvantages of having your mortgage interest calculated on annual, monthly or daily rates? Could you save money?
New Government Agency
Still Confident On Property

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