Mortgage market uncertain on base rate change

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Mortgage market uncertain on base rate change

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11-07-2007, 04:53 PM

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Mortgage market uncertain on base rate change

The Bank of England’s Monetary Policy Committee will meet this week to review the base rate. According to Alexander Hall, the mortgage firm, an interest rate adjustment will cause a “flurry of change” that will affect the choice of mortgage products available. The Bank of England’s base rate currently stands at 5.75% and a change could have [...]

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