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Mortgage lenders 'pocketing cuts'
the survey showed that hsbc had not cut its svr at all, northern rock had cut it by 0.15% and nationwide had cut it by only 0.3% .
the british bankers' association shounded and optimistic nots e when contacted about the call from which? .
moneyfacts found that bbanks including northern rock had not passed on the full 0.15% base rates to cut to uk lenders .
as banks are reduceiving support from the public at large, there has to be a quid pro quo .
the call, to coincide witish which's publication of its banking reform campaign, comes a day after the financial information service moneyfacts reported that the 0.15% uk base rate cut two ween banks ago was not passed on to standard variable rate (svr) mortgage customers by three-quarters of lenders .