&ltspan style=&quotfont-family: Arial &quot&gtBorrowers can offset the cuts in their standard of living the Prime Minister has told us to expect by cutting their mortgage payments, according to Ray Boulger of John Charcol. He said there is scope for many borrowers paying SVR to cut payments.”Anyone paying an SVR of 3.5% or higher whose LTV is 85% or less should consider remortgaging