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MSE News: Mortgage misery as Halifax and RBS raise standard rates
Former_MSE_Guy
Former MSE 1.7K Posts
This is the discussion thread for the following MSE News Story:
"Over a million homeowners will be hit with payment hikes as two of the country's biggest lenders raise mortgage rates ..."
"Over a million homeowners will be hit with payment hikes as two of the country's biggest lenders raise mortgage rates ..."
Read the full story:
Mortgage misery as Halifax and RBS raise standard rates
Mortgage misery as Halifax and RBS raise standard rates
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Not Buying it 2015!
If you find my posts useful, "pay it forward" and help someone else out, that's how places like MSE can be so successful.
Same - we ended up with a BOE tracker more by luck than judgement. I'd never consider anything else now - although given we have a lifetime, flexible, offset, portable mortgage at just 0.49% above base, I guess we'll never have to.
I
sense returning at last!
Actually in the small print of my mortgage is a clause that they can increase the margin if the base rate drops below 3%. I knew perfectly well that clause was there and when base rates started dropping I was hoping they wouldn't drop below 3%. But then someone complained that the clause wasn't clear enough. Should have been in the key features or something. This made it unenforceable. Lucky for me, eh.
Even more important to generate a profit. RBS should be run commercially.