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Fixed Rate Cuts

Hi

Not sure if anyone has noticed but C&G have made some cuts to their fixed rate mortgages today and Abbey are making their cuts tomorrow (as well as reintroducing their tracker mortgage). Hopefully completing in a couple of weeks therefore hope all the cuts the lenders are going to make are available before we finalise our mortgage!

Matt

Comments

  • savemoney
    savemoney Posts: 18,125 Forumite
    Part of the Furniture 10,000 Posts
    I am looking at a fixed rate as mine runs out in Jan
  • sherer
    sherer Posts: 63 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    good news for me then as my deal with A+L expires at the end of Dec. In some cases it might be better to just go onto the SVR rate with no ties and then fix later on if it looks like the rate might start to go up.

    Still waiting for A+L to announce a new SVR
  • savemoney
    savemoney Posts: 18,125 Forumite
    Part of the Furniture 10,000 Posts
    When I mortgage changes from fixed I still be better off 3% + 1.89% compared with 5.29% fixed. Obviously thats only better assuming base rate stays low
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