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Mortgage borrowers granted another base rate reprieve

by Gill Montia.

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Homeowners on lenders’ tracker and standard variable rates have been granted another reprieve, with the Bank of England’s Monetary Policy Committee having decided to keep the base rate at 0.5% in March.
The rate has remained unchanged since March 2009, when it was cut to its current historic low.
Meanwhile, research from Moneyfacts.co.uk shows that rates [...]

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