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BOEBR
(redirected from Bank of England Base Rate)

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AcronymDefinition
BOEBRBank of England Base Rate (mortgage rate)


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The main disadvantage of a fixed-rate mortgage is that, while the Bank of England base rate is low, they tend to be significantly more expensive than tracker mortgages linked to that base rate.
5% fall in the Bank of England base rate to their borrowers, and even fewer are expected to do so if rates are slashed again.
Judith Hart, 64, of Cheviot Close, Gwersyllt, has seen her interest ratelinked mortgage support payments plummet because of Bank of England base rate cuts.
 
 
 
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