23 January 2008 15:15
Homeowners fail to see cash from lending cuts
Many British homeowners were left out in the cold with the Bank of England’s announcement on earlier this month that the interest rate would remain unchanged for now. However, the question begs: Would a rate cut have had a significant impact on struggling homeowners in dire need of more disposable cash? MPG Investments, the UK’s number one cash property buyer, has a look at the way that property mortgage lenders rule homeowners’ pockets.
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