{"id":21386,"date":"2016-07-30T13:01:26","date_gmt":"2016-07-30T06:01:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-good-news-for-mortgages-bad-news-for-savers\/"},"modified":"2016-07-30T13:08:54","modified_gmt":"2016-07-30T06:08:54","slug":"interest-rate-cut-good-news-for-mortgages-bad-news-for-savers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-good-news-for-mortgages-bad-news-for-savers\/","title":{"rendered":"Interest rate cut: good news for mortgages, bad news for savers"},"content":{"rendered":"


\nIf the Bank of England cuts rates to 0.25%, it will benefit home-buyers, but once again savings will be hitThose with large tracker mortgages can prepare to break out the prosecco. If you rely on savings income, it\u2019s more brown ale for you \u2013 or even water.Next week the Bank of England is expected to cut interest rates for the first time in seven years \u2013 and whether you welcome the expected 0.25% cut will largely depend on which of the camps you find yourself in. Two weeks ago City analysts worked themselves into a frenzy over a cut in rates that failed to materialise. The nine-member monetary policy committee decided it was too soon, post-Brexit, to make a decision, but next Thursday it meets again, and a rate cut is a certainty, according to most experts. Continue reading…
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\nSource : theguardian.com
\nRead more…Interest rate cut: good news for mortgages, bad news for savers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If the Bank of England cuts rates to 0.25%, it will benefit home-buyers, but once...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21386","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5yW","jetpack-related-posts":[{"id":22524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tesco-is-latest-bank-to-cut-interest-rates-by-more-than-boe-base-rate\/","url_meta":{"origin":21386,"position":0},"title":"Tesco is latest bank to cut interest rates by more than BoE base rate","date":"August 10, 2016","format":false,"excerpt":"\r Payments on internet saver and instant access savings accounts cut by 0.35 percentage points in November \u2013 more than 0.25 base rate reductionTesco Bank has become the latest savings provider to cut interest rates for existing customers by more than the fall in the Bank of England base rate.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21963,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-interest-rate-cut-how-it-will-affect-you\/","url_meta":{"origin":21386,"position":1},"title":"UK interest rate cut: how it will affect you","date":"August 4, 2016","format":false,"excerpt":"\r With the Bank of England reducing the base rate to just 0.25%, we look at the likely impact on mortgage and savings rates, pensions and house pricesThe Bank of England has cut interest rates, taking the base rate to a new low of 0.25%. This is the first cut\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-the-bank-of-england-interest-rate-cut-mean-for-mortgages-and-savings\/","url_meta":{"origin":21386,"position":2},"title":"What does the Bank of England interest rate cut mean for mortgages and savings?","date":"February 6, 2025","format":false,"excerpt":"\r Decision will lead to lower borrowing costs for those on trackers \u2013 but fixed-rate deals will stay the sameBank cuts interest rates to 4.5% and halves UK growth forecastUnambiguously bleak forecasts pave way for spending cutsBusiness live \u2013 latest updatesThe Bank of England has cut interest rates from 4.75%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-to-suffer-as-first-direct-cuts-rates-further-than-bank-of-england\/","url_meta":{"origin":21386,"position":3},"title":"Savers to suffer as First Direct cuts rates further than Bank of England","date":"August 8, 2016","format":false,"excerpt":"\r Other banks expected to cut savings rates as First Direct announces its cash Isa rate will be cut by 0.4 percentage pointsOne of the UK\u2019s most high profile savings providers has announced interest rate cuts in excess of the Bank of England\u2019s recent base rate reduction.At the weekend, First\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-the-bank-of-englands-base-rate-rise-to-1-25-means-for-you\/","url_meta":{"origin":21386,"position":4},"title":"What the Bank of England\u2019s base rate rise to 1.25% means for you","date":"June 16, 2022","format":false,"excerpt":"\r The knock-on effects on mortgages, savings, annuities, house prices and rents of the interest rate increase The Bank of England has voted to raise interest rates by 0.25 percentage points to 1.25% as the UK grapples with high inflation. We look at what that means for your finances. Continue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146596,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-will-bank-of-england-interest-rate-cut-affect-my-finances\/","url_meta":{"origin":21386,"position":5},"title":"How will Bank of England interest rate cut affect my finances?","date":"August 1, 2024","format":false,"excerpt":"\r From mortgages to savings and from loans to credit cards, we look at impact of quarter-point cut to base rateBank of England cuts interest rates to 5% in narrow voteRelief for borrowers as UK interest rates cut but little sign big reductions to comeBusiness liveThe Bank of England has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21386"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=21386"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21386\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=21386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=21386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=21386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}