Get set for the 8p-a-month mortgage as Bank of England prepares to slash interest rat

[Legal Beagles]

Get set for the 8p-a-month mortgage as Bank of England prepares to slash interest rates to 1%

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[scoobydoo]

Re: Get set for the 8p-a-month mortgage as Bank of England prepares to slash interest

I agree with the comments about savers.We are all aware of pensioners who rely on their savings for their income. But also two years ago my sister split form her partner and is a single mum with three children and she had invested her share of the house to live off the interest which helps pay her rent. Now the interest is practically non existant and every month she has to use the capital to survive. There must be hundreds like her as well.

I think we could understand if we could see things changing - but are they?

Have yet to see evidence of things improving.