Mortgage Rates Are Cut Again

Summary


MORTGAGE hunters can be happier after a number of lenders cut the cost of borrowing last week, despite the Bank of England base rate staying unchanged.

Nationwide cut fixed rates by up to 0.31 of a percentage point and tracker deals by up to 0.2 of a point. It followed cuts by Northern Rock of up to half a point on trackers and 0.3 of a point on fixed rates.

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Extract


Mortgage Rates Are Cut Again

Alliance & Leicester, owned by Santander...

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