HUNDREDS of thousands of borrowers are set to see their mortgage bills plunge thanks to changes to the Bank of England’s base rate.
Borrowers on tracker mortgages will noticeably benefit when central interest rates change as their monthly repayments are directly linked to this rate.
AlamyBorrowers with a tracker mortgage will notice near immediate benefit of the Bank of England cut to interest rates[/caption]These households can expect to see monthly repayments tumble by...