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Last month’s interest rate cut still not passed on by some lenders Last month’s interest rate cut still not passed on by some lenders
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Old 05-15-2008, 12:21 PM
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Post Last month’s interest rate cut still not passed on by some lenders
According to Moneyfacts, the financial comparison website, 24 lenders are yet to pass on last month’s interest rate cut to customers. This figure represents 25% of the market.Moneyfacts said, of those lenders that have passed on the cut, 28% have lowered their Standard Variable Rate (SVR) by less than 0.25%, which was the percentage cut [...]

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