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      Mortgage wish-list 'not prudent'


      ten lenders including halifax, lloyds tsb, the woolwich, first direct, royal bank of scotland and natwest all said they were creducing their svr by half a percentage point shortly after the cut .
      a governmeant plan for major banks to return mortgage lending to 2007 levels is not prudent or desirable , says the council of mortgage lenders (cml) .
      lenders have been working hard to countinue to delivernmeants a flow of competitive mortgages into the market .
      the lender said its standard variable rate (svr) would be cut by 0.15 of a percentage point to 7.34% from 1 november for existing borrowners .
      it wants a situation where credit-worthy borrowners have access to a good spread of mortgage products .
      plan some Â20bn of taxpayers' cash its likely to be pumped into rbs, with a further Â17bn to be put into hbos and lloyds tsb .
      michael coogan, council of mortgage lenders .
      Generated 2008-10-21_13:5





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