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Housebuyers benefit from profits squeeze on mortgage lenders11 Jan 8:40am

Housebuyers benefit from profits squeeze on mortgage lenders

The Guardian
Intense competition between lenders means customers have hardly noticed the 0.25% base rate rise, say brokers Mortgage borrowers are benefiting from intense competition on the high street following the biggest squeeze on profit margins for two years. The Bank of England reported that in the final three months of 2017, the difference between the central bank’s base interest rate and the average mortgage rates charged to borrowers narrowed significantly.
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