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Barclays becomes next lender to cut rate

Barclays is the latest major lender to cut its standard variable mortgage rate by 0.25 per cent.

The cut will be effective from February 1 reducing the rate to 7.45 per cent.

Barclays Mortgages marketing director Jim Chadwick says: &#34We are pleased to be able to pass on the Bank of England&#39s base rate cut to our mortgage borrowers. We feel that this will boost consumer confidence and further stabilise the housing market.&#34


Henderson asks unit holders for approval to merge funds

Henderson Investors is seeking unit holder approval to rationalise part of its UK growth and UK income fund ranges.It also wants to change the investment objectives of Henderson Pacific Smaller Companies and the Henderson American Smaller Companies funds.If the changes are approved, Henderson will merge Henderson Extra Income into Henderson High Income and rename the […]

Lenders follow MPC lead and cut rates by 0.25 per cent

Major lenders are cutting their standard variable mortgage rates by 0.25 per cent mirroring the Bank of England&#39s Monetary Policy Committee&#39s base rate cut.Halifax and Cheltenham & Gloucester&#39s new rate is 7.45 per cent. The cut takes the Nationwide&#39s rate to 6.95 and Royal Bank of Scotland&#39s to 6 per cent.


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