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Mortgage lenders unlikely to pass on interest rate cuts

Started by propertyfag, November 05, 2008, 09:31:01 AM

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propertyfag

We're due for another interest rate review tomorrow (6th November), and many are expecting further cuts.

However, many lenders, including HSBC, are already saying that they won't pass on the cuts. If anything, they'll be increasing their rates.

So it looks like the only people that will benefit are those on tracker deals.

Full story from the times

ferrorolvans

Well thats too significant to pass with the interest cut off issues.This is usual that the thinking about profits and high gain.Every body always tends to higher profits and savings.So the issue of interest cut offs is verge according to me.


Buckett9

Hi,

If it would be so, then it would be very beneficial for common people.

petermartin12

Well thats too significant to pass with the interest cut off issues.This is usual that the thinking about profits and high gain.Every body always tends to higher profits and savings.So the issue of interest cut offs is verge according to me.

abbottjohnson11

Well thats too significant to pass with the interest cut off issues.This is usual that the thinking about profits and high gain.Every body always tends to higher profits and savings.So the issue of interest cut offs is verge according to me.