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Collars on mortgages since latest rate cut (Mar 08)
edhfamily
Posts: 1 Newbie
Hi,
I was wondering if anyone knew how the latest BBR cut will affect my mortgage payment. I am on a BBR -0.65% tracker - which means my mortgage rate is now below the base rate at -0.15%. Will my payment now be 0 or even better will they owe me money??
Thanks
Ellie
I was wondering if anyone knew how the latest BBR cut will affect my mortgage payment. I am on a BBR -0.65% tracker - which means my mortgage rate is now below the base rate at -0.15%. Will my payment now be 0 or even better will they owe me money??
Thanks
Ellie
0
Comments
-
Check your mortgage information. It will probably be 0.001% but they will not be paying you.
If it is repayment, you will still be paying the capital back.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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