50% of lenders leave SVRs untouched by base rate cuts
Financial information provider, Moneyfacts.co.uk, has revealed that half of the UK’s mortgage lenders have failed reduce their standard variable rates (SVR) in line with recent cuts in the base rate.According to the firm’s research, 50% of lenders have not made any reduction in SVR, from the October base rate cut.Meanwhile, 82% of lenders have not [...]
50% of lenders leave SVRs untouched by base rate cuts
