Interest Mortgage rate calculator

News Report -- The owner of the home mortgage lenders expect prices lower after the Bank of England beating the bank rate from 1.5% to 3%.

The Bank has cut more expectations and created to deal with the threat of recession loom. The move came only one month after the dramatic interest rate calculator cut 0.5% in October 2008.

Many lenders failed to pass in October of this rate cut to mortgage borrowers, there will be heavy pressure on banks to cut their standard variable rates now.

Andrew Montlake, of mortgage brokers Cobalt Capital, said: "In theory, this should be fantastic news for borrowers but lenders pass the cut except in the form of a more competitive mortgage rates, which will have the effect will be limited.