Mortgage lenders unlikely to pass on interest rate cuts

[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.