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Property Investment Forum | Mortgage lenders unlikely to pass on interest rate cuts

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Author Topic: Mortgage lenders unlikely to pass on interest rate cuts  (Read 972 times)
propertyfag
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« on: November 05, 2008, 09:31:01 am »

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
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