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23-Feb-2010

High Confidence in Property Investment

Confidence in real estate as an investment vehicle is high this year, particularly from institutional investors.

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Banks under pressure to cut rates

Thursday, 06th November 2008

Lenders have come under pressure to make hefty cuts in their mortgage rates following the shock cut in interest rates by the Bank of England. But the Council of Mortgage Lenders has responded by saying lenders will cut rates by 0.5%-1.5% in the coming weeks.

The Bank Rate was cut from 4.5% to 3% on Thursday and the chancellor has called on lenders to pass the rate reduction onto their borrowers. So far, only Lloyds TSB and Abbey have said they will pass the cut on in full.

Source: BBC

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