'Scrooge' Lenders Fail to Pass Interest Cuts On to Homebuyers
Summary
HALF of mortgage lenders have failed to pass on the full benefit of the Bank of England's cut in interest rates to millions of struggling homebuyers.
The Bank's Monetary Policy Committee cut the base rate by a quarter point to 5.5 per cent two weeks ago, apparently throwing a lifeline to those with mortgages.See the full content of this document
Extract
'Scrooge' Lenders Fail to Pass Interest Cuts On to Homebuyers
However, research by the personal finance website Moneyfacts.co.uk reveals that around half of lenders have so far failed to a...
See the full content of this document