Posts Tagged ‘rate cuts’
Mortgages still expensive, despite base rate cuts
June 23rd, 2010 | 
Author: The recent Bank of England interest rate cut comes as cold comfort to millions of homeowners who saw their mortgage payments rise in the weeks before the reduction, as UK banks and building societies are struggling in the wake of the global credit crunch.
According to financial services experts recent interest rate reductions have not been passed onto customers because lenders need to increase their liquidity to stave of Read the rest of this entry »
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