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Under the careful scrutiny of the Government, the UK’s soon to be largest bank has pledged to use the latest rate cut to help small business.

Lloyds TSB says it will pass base rate cuts of 1% onto small businesses to all its small business customers with variable rate loans and overdrafts.

John Maltby, managing director, Lloyds TSB Commercial, says: "We're determined to ensure businesses that bank with Lloyds TSB enjoy the most competitive rates and best possible ongoing support."

Although this is just one bank, the Government will make sure that all the others follow. Small business is central to their plans it seems, which is lucky for any self cert borrower with a loan or an overdraft.

With this business windfall, it is probably prudent, if you are self employed and have your own small business, to go and see your adviser. They will know exactly what you can get as a small business and they will know where to save the most money.

It seems the focus on small business will continue into 2009, and although mortgages, especially self cert mortgages, are tight right now, you can be sure that some discounts will be passed on to you if you have a small business.

Keep up with the latest news and comments on Self Employed Mortgages at the Self Cert Mortgage Blog