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Interest rates could fall in ‘smooth’ Brexit 🔄

Interest rates could fall in ‘smooth’ Brexit The Bank of England is set to adopt a more dovish stance on interest rates even if, as expected, the UK avoids a no-deal departure from the EU on October 31. Officials are working on the Bank’s...

Bank rate stays at 0.75% 🔄

Bank rate stays at 0.75% - Mortgage Strategy The Bank of England’s monetary policy committee has voted unanimously to keep the base rate at 0.75 per cent. The rate has now been at this level for a year, having been raised form 0.50 per cent on 2 August 2019. The bank’s minutes show that 12-month CPI inflation fell in August, from 2.1 per ....

Tesco borrowers saved from being mortgage prisoners by sale to Lloyds 🔄

Tesco borrowers saved from being mortgage prisoners by sale to Lloyds The sale follows months of speculation that its customers could be moved to an inactive lender, potentially trapping borrowers on deals they cannot switch away from.

Most borrowers fail to qualify for comparison site mortgage deals 🔄

Most borrowers fail to qualify for comparison site mortgage deals Fewer than four in 100 people looking for a mortgage are actually eligible for the deals found by comparison websites, research for The Sunday Times shows. Analysis of searches made by 11,000...