Base Rate Cut By 1.5%

Mrs_Pepperpot_2

6 months ago I was ready to fix a rate of 6.25 for 5 years. Thank God that fell through and I ended up with a tracker!

minimike2

And there goes another....principality have followed suit.

minimike2

Bang goes A&L
BM Solutions
Chesham BS
Derbyshire BS
Furness BS
Marsden BS
Melton Mowbray BS
Newcastle BS
Scarbrough BS


Pretty much no trackers left now....

I eagerly await to see what the new margins will be.......Hands up who thinks anyone will be less than base +2.5%

Looks like I will be arranging more fixed rate deals again now.

savemoney

Scarbrough BS is merging with Skipton btw

payless

:T

best I can get for hands up,

RomansProperties

Just out of interest whats your guess for tomorrows LIBOR rate?
Todays 3 month is 5.56%

BadgerMan78

Any word on Nationwide or First Direct yet? I obtained an application pack from FD this morning for their 0.99% above base rate mortgage (so 5.49%) which I assume they'll have to honour if I return this. Does this mean I could actually get this as low as 3.99% if they pass it all back?

Do FD have a base limit like Nationwide and others?

Thanks in adance.

savemoney

Is fixed rate reasonable at mo. I am paying 5.75% fixed but it ends in Jan 09. I borrowed 55k on a then 150k house

payless

we need to see where the new fixed rates come in at first ... and that will depend on whether rate cut is fully passed on in libor and the lenders pricing postioning fixed Vs trackers

savemoney

Looks like libor is coming down slightly