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ISMI and the budget

[Deleted User]
[Deleted User] Posts: 0 Newbie
Mortgage-free Glee!
in Benefits & tax credits
In november the chancellor announced changes to ISMI including the freezing of the applicable interest rate at 6.08% for 6 months,today he said the changes would be extended for 6 months,but he didnt say if that included the freeze on the interest rate,has anybody heard anything definite about this yet?

Comments

  • NASA_2
    NASA_2 Posts: 5,571 Forumite
    If your talking about the overall interest rate then that is a matter for the Bank of England. Its likely to stay low for a while but there is nothing definite.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Mortgage-free Glee!
    ESA wrote: »
    If your talking about the overall interest rate then that is a matter for the Bank of England. Its likely to stay low for a while but there is nothing definite.
    No was talking about ISMI rate,now confirmed as being 6.08% until november:j
  • Jibbajabba
    Jibbajabba Posts: 50 Forumite
    woodbine wrote: »
    No was talking about ISMI rate,now confirmed as being 6.08% until november:j

    Actually in the report (part A.31) it says it will stay at 6.08 until Dec 31st.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Mortgage-free Glee!
    Jibbajabba wrote: »
    Actually in the report (part A.31) it says it will stay at 6.08 until Dec 31st.
    even better news then innit
  • Jibbajabba
    Jibbajabba Posts: 50 Forumite
    woodbine wrote: »
    even better news then innit

    Yes. Just wanted to pass on the actual detail after scanning 268 pages as you guys/girls do a brilliant job on this forum (you know who I mean). I'm rarely stable enough to post. I know some of you have a mortgage, just wanted to help.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Mortgage-free Glee!
    Jibbajabba wrote: »
    Yes. Just wanted to pass on the actual detail after scanning 268 pages as you guys/girls do a brilliant job on this forum (you know who I mean). I'm rarely stable enough to post. I know some of you have a mortgage, just wanted to help.

    sorry i wasnt having a go,i just assumed that 6 months from november plus another 6 months would mean this november
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