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Rate Cuts Archive
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Mortgage lenders not passing on rate cuts to borrowers
Consumer group Which? has today accused mortgage lenders of not passing on interest rate cuts to borrowers. Its research found that 95% of mortgage lenders failed to fully pass on cuts in the Bank of England base rate after it was cut from 5% to its current level of 0.5% between October 2008 and March [...] -
Spring brings welcome competition to the mortgage market
As well as warm weather and long weekends, the last few weeks have given us a flurry of activity in the mortgage market and we’ve seen a host of lenders cutting interest rates and reducing arrangement fees – all of which is good news for those looking for a new mortgage deal. The Nationwide Building [...] -
Barclays cuts mortgage rates as lenders predict improving mortgage availability
Barclays has announced that from tomorrow it is cutting the rates on many of its Woolwich mortgage deals. Some rates will be cut by up to 0.32%, and it is also launching new capped rate deals aimed at people looking to switch their mortgage before the Bank of England Base Rate rises. Also released today [...]