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Guide to remortgaging

dave4810

dave4810 Posts: 2 Newbie

23 July 2006 at 2:19PM in Mortgages & endowments

Hi All ,

This may have cropper up before but i am a newbie, what is LIBOR and why is it not mentioned in the Guide?

Thanks Dave

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Comments

AndrewSmith Posts: 2,871 Forumite

23 July 2006 at 2:26PM

LIBOR = London Interbank Ordinary Rate

Usually associated with non-status or Adverse credit mortgages.

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Robert_Sterling Posts: 2,207 Forumite

23 July 2006 at 10:42PM

For more detailed information type LIBOR into Google.

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