A little known fact about trackers

lisyloo

Well I don't think you should worry too much lulu.

How many people do you think would be able to pay their mortgages on demand?
Very few.

If a lender really wanted to get rid of business then there are other options that might work better
e.g. some lenders have recently given people incentives to go elsewhere.
They have a lot higher chance of getting their money from another lender rather than from householders who don't have the money.

I don't think people should get too worked up about "floors" or "collars".
If we do get to this level then people should concentrate on using the money to save or overpay, not worrying about what rate they could theorectically have had.