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Most UK lenders now pass on rate cut

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  • Most UK lenders now pass on rate cut

    Earlier this month, The Bank of England reduced its base rate by a quarter of a point to 5.5% but lenders have been slow in passing the rate on to its customers. However, the majority of UK lenders have now passed on the rate cut to to borrowers, in spite of concerns that some would [...]

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    It's always a shame when lenders keep the difference to increase their profit rate. It would certainly make me question my banking loyalty, if there was another lender who was more prompt about passing it on.
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