I was quoted fees of ?1,700 for a new mortgage recently!! In the end I went with a higher interest rate with no fee. Are the banks passing on these rate cuts? Well, one bank today has said they will (the first time since rates started going down) But you can bet that they cut the savings interest rate PDQ before the lending rate. Bastards. People should be encouraged to live within their means, we don't need that new gadget or those new boots. Probably those items are not produced in this country so the UK economy doesn't see the benefits anyway. Let's face it, once people have been encouraged to put a bit of money away - thus putting money into the banking system and getting the reward of a decent interest rate - they'll spend it in the end. What's the point of saving money if inflation eats it away? Oh hang on, the government's debt also gets inflated away, funny that!