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MSE News: Trio of lenders cut mortgage rates

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This is the discussion thread for the following MSE News Story:

"The cost of mortgages continued to head downwards today with a number of lenders announcing new rates ..."


Comments

  • bcfc79
    bcfc79 Posts: 2 Newbie
    I have just completed an application for a 3 year tracker with Nationwide this morning at 5.28% (90% LTV). Does anyone have any further info on this story and when the new rates are valid from? If I proceed with the application I presume I will not be able to switch to the lower rate before the mortagae offer is sent to me?
  • MiserlyMartin
    MiserlyMartin Posts: 2,284 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    This is bad news. Encouraging more mugs to buy overpriced houses. Just wait until interest rates go back to normal levels. These people will be stuffed!
  • Dan_1976
    Dan_1976 Posts: 943 Forumite
    I agree, big carrots, the stick will follow!
    "Banking establishments are more dangerous than standing armies." Thomas Jefferson
    "How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen

    Debt Apr 2010 £0
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