We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 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!
BoE cuts rates to 3.0%!!!
Comments
-
Definite kick in the teeth for savers and str'ers.0
-
Happy days!
My three year fix at 4.99% ends in late January. Now fingers crossed HSBC pass some of the cut(s) along to their SVR. :rolleyes:0 -
I know we was kinda expecting a 1% drop but a 1.5% drop?? isnt this showing that the situation is getting more and more serious as the days go on?Savings Total so far for 2023: £8,062.580
-
mr.broderick wrote: »I am currently on a 5.5% fixed with abbey.
Wonder if they will reduce their rates across the board after this big cut.
You mean increase, don't you?Spring into Spring 2015 - 0.7/12lb0 -
Are you so self-centred that you only see this major issue in terms of how it affects your own wallet in the short term? Have you no consideration of the long-term well-being of our nation?HammersFan wrote: »Great news. Another £120 per month off my BTL mortgage !!!!! s.Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
Can't believe a 1.5% cut was already priced in?
It'll be interesting to see how it settles out later today. I believe that the markets had factored in a 0.75% cut and (pointless!) economists had expected a move of "at least 50 basis points", with a minority forecasting a reduction of 1% to 3.5%.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
It's going to be interesting to see how many Lenders withdraw their Trackers.0
-
Hooray! Haven't got much in savings but our mortgage will now drop below £300 per month - if our lenders 'pass it on' of course. :beer:"I'm ready for my close-up Mr. DeMille...."0
-
ad44downey wrote: »Are you so self-centred that you only see this major issue in terms of how it affects your own wallet in the short term? Have you no consideration of the long-term well-being of our nation?
I see it as preserving jobs and helping people NOT to lose their homes through reposessions. That is well-being isn't it?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards