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Old 12-05-2008, 01:06 PM
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Post Lenders react to base rate cut

Yesterday’s 1% cut in the Bank of England’s base rate, to 2%, has met with a mixed response from mortgage lenders.Despite pressure from Government Ministers, Halifax and Nationwide are opting not to pass on the full reduction to customers with standard variable rate (SVR) loans.So far, HSBC, Bristol & West, Lloyds TSB and its lending [...]

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