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Northern Rock joins mortgage cut wave

Northern Rock is cutting its standard variable rate by 0.25 per cent to 7.25 per cent in response to the Bank of England&#39s 0.25 per cent cut yesterday. The cut takes effect from May 1 for existing borrowers.

Nationwide, Halifax and HSBC also announced they will pass on the full 0.25 per cent cut to their mortgage customers.

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Freetrawl.com achieves 19.5 per cent over surrender value in first year

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PIA fines Interdependence £35,000

The PIA has fined network Interdependence of AMC House, Chantry Street, Andover, Hants £35,000 and ordered them to pay costs of £5,000.Between October 1997 and January 1999 Interdependence failed to remedy rule breaches identified by the PIA following a supervision visit between 12 July and 13 August 1997.

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