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Historical Analysis - Lenders SVR against BOE BR
CrispyLettuce
Posts: 10 Forumite
Hello
Does anyone know of any resource that will be able to show an Historical Analysis of Lenders SVR against BOE BR?
Recently (well the last lot of rate changes at least) some lenders have been better at tracking the BOE BR than others. Whilst that is no indication of what could happen as rates start to rise, its something to consider for remortgages.
Many Thanks.
Does anyone know of any resource that will be able to show an Historical Analysis of Lenders SVR against BOE BR?
Recently (well the last lot of rate changes at least) some lenders have been better at tracking the BOE BR than others. Whilst that is no indication of what could happen as rates start to rise, its something to consider for remortgages.
Many Thanks.
0
Comments
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CrispyLettuce wrote: »Hello
Does anyone know of any resource that will be able to show an Historical Analysis of Lenders SVR against BOE BR?
Recently (well the last lot of rate changes at least) some lenders have been better at tracking the BOE BR than others. Whilst that is no indication of what could happen as rates start to rise, its something to consider for remortgages.
Many Thanks.
Try the Bank of England website.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
The Bank of England website will give me changes in Base Rate, but it is the comparison to lenders SVR (eg HSBC) that im interested in.
Cheers0 -
They only thing I can think of would be a programme such as Mortgage Fundamentals - which was/is used the calcualtion of redress in mortgage endowment complaints. The programme holds the historical SVR data of lenders.
I don't know of anything open to non-industry which would be able to give you this info.
If it is a particular lender you are thinking of why not call them, and ask if they can help provide you with this info.
Hope this helps
Holly0 -
Historically in pre credit boom days and when the building societies were still mutual organisations. Main stream lending was at 2% above BOE base for SVR loans.
So over time expect majority of lenders to fall and return into a 2% - 2.75% bracket. Some will be higher due to the cost of recovering higher FSA levies.0 -
CrispyLettuce wrote: »The Bank of England website will give me changes in Base Rate, but it is the comparison to lenders SVR (eg HSBC) that im interested in.
Cheers
They provide that as well :
https://www.bankofengland.co.uk/mfsd/iadb/fromshowcolumns.asp?Travel=NIxIRxSCx&ShadowPage=1&SearchText=iumtlmv&SearchExclude=&SearchTextFields=TC&Thes=&SearchType=&Cats=&ActualResNumPerPage=&TotalNumResults=1&XNotes=Y&C=RO&ShowData.x=44&ShowData.y=12&XNotes2=YNo-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0
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