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Old 11-20-2007, 11:09 AM
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Post Mortgage providers will ignore base rate cuts

Home owners anticipating a forthcoming cut in the Bank of England’s base rate are likely to be disappointed by the impact of such a move on their mortgage payments.According to Firstrung, the first-time buyer mortgage specialist, the convention of mortgage providers following the base rate has been broken by the credit squeeze.Some analysts are forecasting [...]

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