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Lenders follow Bank of England base rate cut

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  • Lenders follow Bank of England base rate cut

    Following the Bank of England’s Monetary Policy Committee (MPC) meeting yesterday, interest rates were lowered 5.25% to 5%, as widely expected by economists.Barclays, first direct, HBOS, Lloyds TSB and Nationwide have all announced their intention to reduce their standard variable mortgage rates.Internet bank first direct has cut its standard variable mortgage rate by 0.25% from [...]

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