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BOE base rate change on Thursday
mae
Posts: 1,516 Forumite
Sorry if this is a stupid question but I am about to remortgage with Nationwide on a tracker at 4.54%. Does anybody think the deals will change after Thurs? What I mean is I don't know whether to go ahead before Thursday or see if a better deal is offered after this?
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Comments
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If rates go down by 0.25% - your tracker should do the same alsoI am a Mortgage AdviserYou 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.0
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If you go for a tracker then the rate will be pegged to the BoE rate. If BoE goes down then so does the tracker and vice versa so applying now will make little difference.0
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It can make a small difference, in that often the rate goes down straight away for new customers and 30 days later for existing ones (exact times vary).
Little chance of a rate cut on Thursday IMO.0
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