Will you benefit from the rate cut?
Updated on 09 January 2009
Following yesterday's 0.5 percentage point cut in interest rates five big lenders have so far pledged to pass on the decrease.
Lloyds TSB Scotland, Cheltenham & Gloucester, HSBC and Nationwide BS have all cut their Standard Variable Rates (SVRs) by 0.5 per cent. Halifax has cut its SVR by 0.25 per cent.
A full break down of the most recent cuts is listed here:
- Lloyds TSB Scotland down 0.5% to 3.5%
- Cheltenham & Gloucester down 0.5% to 3.5%
- HSBC down 0.5% to 3.94%
- Nationwide BS down 0.5% to 3.5%
- Halifax down 0.25% to 4.50%
Bridgid Nzekwu on lending rates
Full list of bank rates
For a comprehensive list of mortgage lending rates following last month's cut, which includes up-to-date rate for those lenders who have not cut rates so far this month:
click here (.xls)
The figures are provided by Moneyfacts.co.uk.
