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LIBOR drops to below 1.3 per cent
So why are we not seeing current buy-to-let mortgages at a fraction of the cost of what they were last year?
Lenders are beginning to sense the bottom of the market.
Home values drop 28 per cent from peak
UK property prices will have fallen by 28% from their peak before the market downturn ends.
House price decline accelerates
House prices are falling even faster than before in England and Wales, according to the Land Registry.
Tracker mortgages to reduce.
5th interest rate cut in 5 months
UK reduces interest rates to 1 per cent.
HSBC has announced a new discount mortgage rate of 2.99 per cent.