Whos Mortgage has actually dropped out there?

natman

Hey.

Just a quick one really. As many know there has been a 2% rate cut over the last couple of months and I wondered -
1. How many peole have received the full drop and therefore a decrease in mortgage payments and what is their new rate.
2. What type of mortgage you have and who is your lender.

I ask because I cant beleive in my own friends circle how weird things are , a friend has actualy had their payments increased!!!!

I will kick off -

1.I have received the full 2% cut, my new rate is 3.75%
2. I have a Base rate tracker 0.75% above BOE which i took out almost 10 years ago, it is through Britannia Building Society.

I hope you guys post, will be interesting to see what is happening to the people out there!!

_Andy_

http://forums.moneysavingexpert.com/showthread.html?t=1299303

dunstonh

a friend has actualy had their payments increased!!!!

Quite possible if they came off a deal with a lower rate or they had an annual review in place where they have to play catch up (as rates were higher in the earlier part of the year).