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puzzled
patchy987
Posts: 433 Forumite
ok so i am puzzled
everyone appears to be talking about interest rate cuts yet today i got a letter from my lender saying that due to interest rate increases my mortgage will increase by 30 pound a month .???
i dont understand this, can anyone explain.
everyone appears to be talking about interest rate cuts yet today i got a letter from my lender saying that due to interest rate increases my mortgage will increase by 30 pound a month .???
i dont understand this, can anyone explain.
trying to lose 3 stone by end of 2014;)
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Comments
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Who is your lender?
Can you look on your offer letter and see if your rate is linked to LIBOR?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I thoguht LIBOR came down by 0.03% ??0
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i thought something like that too so i cant understand why my payment has increasedtrying to lose 3 stone by end of 2014;)0
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What does your original mortgage offer letter say about your deal - section 4
What rates does it have there?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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