rate cut 'will help with mortgage payments' by Finance News Bulletin

Published: 04/01/08

The Bank of England's decision to inferior interest rates will assist mortgage holders and lower some payments, it has been reportedThe quarter-point slash to 55 per cent has been passed on by the Halifax, which reduced its standard variable speed from 775 to 7

50 per cent - the Nationwide also followed with a cut However, the benefit will only be felt by customers with sure mortgages, according to the TimesIt estimates that a proprietor with a typical tracker mortgage for £100,000 is put to save £15 per month, however, "many first-time buyers will find themselves wedged by the soaring arrangement fees levied by lenders on their products", it cautionsclientele with a tracker mortgage will see a drop but those on a fixed rate deal will see little alter in their monthly payments

The rate cut should come as a release to UK homeowners, some of whom have recently seen their properties drop in value for the first time in nearly two yearsconditions of use Advertising Resources Product guides Press releases About us Contact

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