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Old 12-22-2007, 07:36 AM
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Post Majority of mortgage lenders act on base rate cut

Predictions that mortgage lenders would be more interested in restoring profit margins than helping hard-pressed home buyers have been allayed by the news that since the base rate was cut from 5.75% to 5.5%, at the beginning of this month, over a half of mortgage providers have agreed to cut their rates.Latest figures from Moneyfacts.co.uk, [...]

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