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UK Rate Cut: Mortgage lenders cut mortgage rates

Following the US Fed decision to cut the interest rates big time, the Bank of England has followed suit. The UK based Bank of England has also cut the interest rates by 25 basis points or 0.25%.The mortgage lenders in UK are pledging that the rate cut will be passed on to the customers but it may take some time. So if someone has a mortgage of value £100,000, his obligations will reduce by around   read more »

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