In the wake of last weeks shock announcement by Bank of England of a 1½% interest rate drop from 4.5% down to 3%. This was not before time! Around 40 mortgage lenders withdrew their trackers rate products from the market and said they would be reviewing and relaunching their tracker products later this week. By last Friday...
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Yesterdays announcement by the Bank of England delivered an unexpected statement that they were cutting their base rate by 1½% from 4.5% to 3%.  It has been done to kick start our stalling economy and to try and prevent a deepening recession. Everyone was expecting a ½%; but, we all hoped for a full...
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