The government is waiting anxiously to see if the huge 1.5% drop in the Bank of England base rate will reduce debt in the UK and help the struggling economy.
The Abbey and Lloyds TSB have pledged to pass on at least some of the reduction to their customers, but other lenders remain tight-lipped about the situation.
People with variable rate mortgages could see a massive reduction in their monthly repayments if their providers are willing to pass on the full benefit of the interest drop.