Lloyds TSB has confirmed that it will pass on today’s 1.5% cut in the base rate in full, to mortgage borrowers on its standard variable rate (SVR).The bank had previously pledged that its SVR will never be pitched more than 2% above the Bank of England’s base rate.Today’s reduction takes Lloyds TSB’s SVR down from [...]
Lloyds TSB passes on 1.5% base rate cut in full
