A Fool and His Money

It was requested by the Bank of England some time ago that mortgage lenders pass on the interest rate cuts to borrowers.The Royal Bank of Scotland recently decided to cut back interest rates on some of its mortgage packages.

It is expected that other lenders will soon follow so that they dont lose out on any  potential customers. It has been predicted that this is only going to effect a small number of people and that if we dont see a more dramatic change , the market will not improve.

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