We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
MSE News: Some mortgage lenders STILL haven't passed on last month's base rate cut
Options
Legacy_user
Posts: 0 Newbie
At least seven lenders have yet to cut their SVRs following last month's base rate cut, as further changes are mulled...
Read the full story:
'Some mortgage lenders STILL haven't passed on last month's base rate cut as Bank of England mulls further move'
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
'Some mortgage lenders STILL haven't passed on last month's base rate cut as Bank of England mulls further move'
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
0
Comments
-
They are under no obligation to cut their rates at all. Don't know why this is seen as some sort of scandalpoppy100
-
The mortgage differentials have gone up. In April 2016, 73% (75% band) LTV no-fees 2yrs tracker was 1.34% above BoE rate (nationwide existing mortgage / product switch). Today same LTV no-fees 2yrs tracker is 1.54% above BoE rate. With the rate cut, just 0.05% less. They were all expecting a rate cut and have bumped their differentials for new customers a while back. At one point I've even noticed that fixed rates were below trackers - a sure tell sign lenders were bracing for a rate cut.0
-
They are under no obligation to cut their rates at all. Don't know why this is seen as some sort of scandal
It's because MSE operate in gutter journalism, and like to fake outrage to continue to look like they are consumer champions. Is all a bit of a farce really and quite an embarrassing lack of journalistic integrity.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards