Thursday, 6 November 2008

get ready for BOE rate cut at midday

Likely is a 0.5% cut. I'm still going for a 1% cut.

Lenders will normally pass this cut to tracker mortgages by the next month.

There is one lender who takes 2 months to pass this on.

Any idea?

Yes you got it - it is Gordon Brown's bank Northern Rock

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