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Mortgage rates - Kensington
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deltatwo
Posts: 36 Forumite
Hi,
I have a mortgage with Kensington and it is based on LIBOR rate, but have just spoken with them on the phone and have been told that LIBOR rate is calculated every 3 months, so at moment it is at 7.45% and is due to be reviwed in December, is this normal practice for quarterly reviews of rates?
Thanks
I have a mortgage with Kensington and it is based on LIBOR rate, but have just spoken with them on the phone and have been told that LIBOR rate is calculated every 3 months, so at moment it is at 7.45% and is due to be reviwed in December, is this normal practice for quarterly reviews of rates?
Thanks
0
Comments
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yep, they are generally reviewed in December, March, June & Sept.0
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