…interest rate cut
Posted by admin on February 7th, 2008
As expected the Bank of England has today announced a 0.25 % cut in interest rates to 5.25%.
"The last time the Bank of England cut interest rates was in December 2007, many lenders took this as an opportunity for them to benefit from the rate cut and responded by withdrawing their tracker rate deals and replacing them with more expensive tracker rate deals. If this happens again there will a short window of opportunity where borrowers who act quickly will be able to secure a better deal." says Daniel Webb from Active Mortgage Advice
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