As the regs tie the morgage interest component in MTBs to the base rate, people are beginning to lose real income as banks and building societies don't reduce the rates they charge by the same amount as the drops that are being introduced.

Is it time to lobby the SoS about this and asking for a number of options to be considered, such as:

Not setting a date to introduce the lower rate
Amending the regs to reintroduce the link to actual interest paid
Ensuring that banks pass on rate cuts to claimants