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woolwich mortgages changing SVR massively
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I recieved the letter, we are currently fixed on 5.99 due to end may '10 and I was hoping ours would go down massively!!! We also got the card and reserve facility but have never used it, so if it goes down to 4.99 there will still be some saving- I am totally confused with it all, we normally shop around anyway but will probably wait and see what happens.0
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savingholmes wrote: »Hi all I have just spoken to Barclays on the information line. Apparently this will only affect you if you have been using your mortgage reserve - so is most likely to affect offset or open plan type mortgages - where you can pay some off and then borrow it back if you want to. We haven't used our mortgage reserve so this won't apply to us. Our main mortgage is unaffected - and should therefore still drop massively when our fixed rate ends!
Sorry just read your edit, so hopefully we should see a good reduction0
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