Rate Cut 'Little Benefit for Borrowers' ; Lending

Summary


If the Bank of England's Monetary Policy Committee decides to cut interest rates on Thursday and mortgage lenders follow suit, it won't benefit first-time buyers or those coming out of fixed-rate deals, home owners were warned today.

That, according to leading Birmingham financial expert Joyce Coakley, is because the mainstream lenders have already protected themselves by hiking tracker rates.

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Extract


Rate Cut 'Little Benefit for Borrowers' ; Lending

Now, says the managing directo...

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