Variable Interest Rate History (Last 10 years)

strokebow

Hi There,

I've been searching around on the internet trying to find some specific information...

I want to find the Halifax (must be Halifax) homeowner variable rate history (month by month or year average or just anything really) over the last 10 years or so. Can't find it yet. I was wondering if anyone knew of a website or somewhere I can find this information.

It's just to help me decide on which mortgage to choose...

Thanks in advance. Any help/suggestions are much appreciated. :-)

Thrugelmir

Historic rates, certainly for the past 10 years have no bearing on the future. As "manufactured credit" reduced rates to loss making levels.

As rates normalise into the future. SVR's will return to a 2% - 2.5% level above bank base.

opinions4u

1 JUN 1976

10.50

1 NOV 1976

12.25

1 MAY 1977

11.25

1 JUL 1977

10.50

1 OCT 1977

9.50

1 FEB 1978

8.50

1 JUL 1978

9.75

1 DEC 1978

11.75

1 JAN 1980

15.00

1 FEB 1981

14.00

1 MAY 1981

13.00

1 NOV 1981

15.00

1 APR 1982

13.50

1 SEP 1982

12.00

1 DEC 1982

10.00

1 JUL 1983

11.25

1 APR 1984

10.25

1 AUG 1984

12.75

1 DEC 1984

11.875

1 FEB 1985

13.00

1 APR 1985

14.00

1 AUG 1985

13.25

1 SEP 1985

12.75

1 APR 1986

12.00

1 JUN 1986

11.00

1 NOV 1986

12.25

1 MAY 1987

11.25

1 DEC 1987

10.30

1 MAY 1988

9.80

1 AUG 1988

11.50

1 OCT 1988

12.75

1 FEB 1989

13.50

1 NOV 1989

14.50

1 MAR 1990

15.40

1 NOV 1990

14.50

1 APR 1991

13.75

1 MAY 1991

12.95

1 JUL 1991

12.45

1 AUG 1991

11.95

1 OCT 1991

11.50

1 MAR 1992

10.95

1 JUN 1992

10.65

1 NOV 1992

9.99

1 DEC 1992

9.29

1 JAN 1993

8.55

1 MAR 1993

7.99

1 JAN 1994

7.64

1 OCT 1994

8.10

1 FEB 1995

8.35

1 OCT 1995

7.99

1 JAN 1996

7.74

1 FEB 1996

7.49

1 APR 1996

7.25

1 AUG 1996

6.99

1 JAN 1997

7.25

1 JUN 1997

7.60

1 JUL 1997

7.95

1 AUG 1997

8.20

1 SEP 1997

8.45

1 JAN 1998

8.70

1 JUL 1998

8.95

1 NOV 1998

8.70

1 DEC 1998

8.20

1 JAN 1999

7.70

1 FEB 1999

7.45

1 MAR 1999

6.95

1 MAY 1999

6.85

1 OCT 1999

6.99

1 DEC 1999

7.24

1 FEB 2000

7.49

1 MAR 2000

7.74

1 MAR 2001

7.50

1 MAY 2001

7.25%

1 JUNE 2001

7.00%

1 SEPTEMBER 2001

6.75%

1 OCTOBER 2001

6.50%

1 NOVEMBER 2001

6.25%

1st DECEMBER 2001

5.75%

1st March 2003

5.65%

1st August 2003

5.50%

1st December 2003

5.75%

1st March 2004

6.00%

1st June 2004

6.25%

1st July 2004

6.50%

1st September 2004

6.75%

1st September 2005

6.50%

1st September 2006

6.75%

1st December 2006

7.00%

1st February 2007

7.25%

1st June 2007

7.50%

1st August 2007

7.75%

1st Jan 2008

7.50%

1st March 2008

7.25%

1st May 2008

7.00%

1st November 2008

6.50%

1st December 2008

5.00%

1st January 2009

4.75%

1st February 2009

4.50%

1st March 2009

4.00%

Pretty sure it was 1st April 2009 that they hit 3.50%.

New mortgages have an SVR of 3.99%.

AMILLIONDOLLARS

next tricky question, I notice that Nationwide has two rates an SMR and a BMR why is that and when was this introduced?

Thanks

AMD

opinions4u

AMILLIONDOLLARS wrote: »

next tricky question, I notice that Nationwide has two rates an SMR and a BMR why is that and when was this introduced?

Thanks

AMD

I think it was beginning of 2010 they introduced it. Others will confirm.

Their old rate tracked at base rate plus 2.00%. In the good old days this was enough to make a profit on a mortgage.

In the reality of post Credit Crunch times, charging 2.50% basically breaks even at best for them and has led to their savers receiving relatively poor value. So while they are honouring their commitment on existing mortgages all new mortgages will land a higher rate that the lender can vary at will, without reference to Bank of England base rate.

In other words, existing mortgage customers get a better deal than new ones.

Thrugelmir

AMILLIONDOLLARS wrote: »

next tricky question, I notice that Nationwide has two rates an SMR and a BMR why is that and when was this introduced?

Thanks

AMD

Around April 2010

Simply put. The Nationwide could not afford to lend at 2% above base to all its customers. At this level of charge its actually losing money.

So newer borrowers are subsidising the old.