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HSBC Tracker and floor - clarification
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_Andy_
Posts: 11,150 Forumite
Just had this reply to my query via internet banking (I have the BOE+0.89 Plus tracker)
"Dear Mr **,
Thank you for your email
The difference between the Tracker rate and the Base rate would be maintained. There are no limits beyond which this will not apply.
Kind Regards
**
Mortgage Operations"
"Dear Mr **,
Thank you for your email
The difference between the Tracker rate and the Base rate would be maintained. There are no limits beyond which this will not apply.
Kind Regards
**
Mortgage Operations"
0
Comments
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There are people with BOE- rather than BOE+ rates. Hope they stick to this if BoE dropped to a level where they would be paying people to have a mortgage.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Now that would be interesting ( shame mine is BoE + a bit though)Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0
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There are people with BOE- rather than BOE+ rates. Hope they stick to this if BoE dropped to a level where they would be paying people to have a mortgage.
I think you will find that the BoE -ve mortgages are fixed rate deals. Correct me if you know differently.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
I have clients currently on tracker base - 0.76% .. albeit those are not term deals , so will come up to change again soon, off top of head can't remember doing a term deal less than Base + 0.18% .. although I guess they did existAny posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0
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