Cut provides good and bad news says Charcol
Monetary Policy Committee comments indicate that further cuts are still likely to be needed in the near future, especially if much of this cut is not passed on to borrowers, according to IFAs John Charcol.
Ray Boulger senior technical manager at John Charcol said: "With some collars operating when Bank Rate falls below 3% the next cut in Bank Rate will mean that some borrowers with tracker mortgagesOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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