Interest rate cut may not help homeowners (Daily Telegraph)
Story date: 2008-04-10 04:20:01
Added on: 2008-04-10 23:00:24
Homeowners may be breathing a sigh of relief that the Bank of England cut base rate by 0.25 of a percentage point to 5 per cent, but experts warn it could be a while before many homeowners get the full benefit because of deteriorating conditions in the bank lending market, writes Paul Farrow.
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