With more consumers than ever in the UK struggling with mortgage repayment problems, many will be glad to hear that the base rate has tumbled down by .25 per cent.
The news means that many stand to save significant money on their monthly repayments with the average £150,000 mortgage repayment dropping by around £31.
The extra cash is set to allow some consumers the breathing space they need to pay off other bills that reuqire immediate attention.