Base Rate Cut By 1.5%

grogdog

for remortgages/ new mortgages it will make absolutely no difference , the lenders will just change their differencial from boe accordingly. the only people this will help are those on a tracker rate. abbey for one are not amending their svr and i am sure others will do the same.

mitchec1

aardvaak wrote: »

Borrowers are selfish g*ts what about the poor savers!

My bank is still offering fixed savings of 7% for savings, I've got two fixed term 8% saving accounts they are there. Shop around

michalp

WOW! I have tracking lifetime mortgage (+0.85%) - so I will be paying only £287!

savemoney

Abbey increasing there rate a couple of days ago

withabix

On thing's for sure...the cut will be passed on to savers 100% :rolleyes:

The fat cats have got to pay themselves their underserved bonuses somehow!

Locoblade

Wow! I suspect the phones will be red hot for the remaining trackers on offer at today's rates, as they're going to quickly change I suspect.

chloecc

fabulous news! fingers crossed, mine is up dec 31st!

withabix

michalp wrote: »

WOW! I have tracking lifetime mortgage (+0.85%) - so I will be paying only £287!

Watch out for the small print...there will probably be a floor built in to their minimum rate.

gastroboy

wow, didn't expect that much.

bet the banks don't pass on on for the trackers...they'll raise the rate on them...!!!!!!!s.

Sun

HSBC don't have floor limit, Nationwide & Halifax do.

withabix wrote: »

Watch out for the small print...there will probably be a floor built in to their minimum rate.