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HBOS rate cut

The BBC have reported HBOS has passed on the rate cut in full...

http://news.bbc.co.uk/1/hi/business/7716086.stm

Comments

  • From what I can see it looks like they have passed on the full 1.5% with effect from 1st December. Same with RBS / Natwest and Nationwide.

    Withe the LIBOR down looks like we should see some better fixed rates in the coming months
  • koexelek
    koexelek Posts: 7,847 Forumite
    This is going to kill off the remortgage market for a while.

    A lenders' SVR is now going to look far superior to most products now available to new borrowers.
    I am a Mortgage adviser
    You 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.
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