Intense competition among lenders means customers beget hardly noticed the 0.25% base rate rise,say brokersMortgage borrowers are benefiting from intense competition on the tall street following the biggest squeeze on profit margins for two years.
The Bank of England reported that in the final three months of 2017, the difference between the central bank’s base interest rate and the average mortgage rates charged to borrowers “narrowed significantly”.
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Source: theguardian.com