05 February 2009
Lloyds TSB Bank plc, the lender for C&G mortgages, will pass on any cut which is made to the Bank of England base rate tomorrow, to all existing C&G mortgage customers on variable rate mortgages.
Should the Bank of England cut the base rate tomorrow, Lloyds TSB will automatically cut the Standard Variable Mortgage Rate, currently 3.50%, by the same amount on 1 March.
All existing C&G tracker mortgage customers will benefit too - with C&G tracker rates that track at or below the base rate having the potential to go as low as 0%.
