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Mortgage lenders could owe borrowers money as Bank of England nears zero interest-rate policy
Published January 7, 2009, 9:37 pm, Guardian Unlimited
Most of Britain's homeowners would never have dreamed that they could be paid for taking out a mortgage, but with the Bank of England preparing to cut borrowing costs today to their lowest level ever, lenders may have to cope with zero interest rates. If, as many analysts expect, the Bank of England cuts rates by a full percentage point to just 1%, those with loans that track a point below ...
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