Major mortgage lender admits it won’t pass on bank rate cut to customers unless they ASK

MORTGAGE borrowers could overpay bills by hundreds of pounds as a result of a clause buried in the small print of a major lender, experts have warned.

Homeowners on a tracker mortgage usually see their monthly repayments fall if the Bank of England base rate is cut.

Earlier this month the key rate was reduced to 4.75% from 5% meaning that if, for example, your mortgage rate had been...