Exact(18)
Banks typically charge clients an additional 2percentt above the central bank base rate for borrowing, but if the client's profile is attractive enough they may be prepared to reduce the margin to 1percentt.
My money is on Bank base rate staying at 1% or lower for five years".
The Camerons bought their two-bedroom cottage in Richmond, south-west London, when the bank base rate was 5.5%.
"Even if there is a further cut to the Bank base rate, fixed-rate mortgages are unlikely to be cheaper than they are now.
Though a variable rate, paid monthly or annually, it's then guaranteed to at least equal the bank base rate, currently 4.75%, until June 30 , 2010
Bean did his best to demolish the policy, saying it would create huge problems for banks that have tied mortgages to the current bank base rate of 0.5%.
Similar(40)
Take Cascade Financial, a community bank based in Everett, Wash.
The bank, based in Charlotte, N.C., has been cutting hundreds of investment banking jobs.
The bank, based in Charlotte, N.C., is paying a $50 million civil penalty.
Wachovia, the bank based in Charlotte, N.C., has some experience, albeit indirect, with English-only rules.
Valencia Bank, based in Santa Clarita, Calif., has 92 employees and five branches.
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