You're right, Brian. What really annoys me is when the media trumpet these interest cuts as "good news for home owners" when the people they mean are the 15% of the population who are still paying for them - the building society might "own" them, but they certainly don't. The rest of us, who rent our houses or who have paid off the mortgage and actually do own our homes feel the pinch every time, especially if, like me and, I guess, you, we are on a fixed income of pensions and interest from savings.
Rick