Taxi Driver
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Reading here I see there is the possibility that some mortgages in the UK could have negative interest rates if the MPC cut the base rate further.
Some lenders offered tracker rates below the Bank of England's rate. The "best" of these was 1.01% below the base rate. Another .5% cut and this rate will turn negative!!
Indeed these are interesting times.
Some lenders offered tracker rates below the Bank of England's rate. The "best" of these was 1.01% below the base rate. Another .5% cut and this rate will turn negative!!
Indeed these are interesting times.