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MSE News: Mortgage misery as Halifax and RBS raise standard rates
Former_MSE_Guy
Posts: 1,650 Forumite
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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Comments
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Sense at last!0
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Need more money to pay bonusesBlessed are the cracked for they are the ones that let in the light
C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
Not Buying it 2015!0 -
Was thinking of being worried about this for a millisecond until I remembered I was on a BOE tracker... phew!
A big believer in karma, you get what you give :A
If you find my posts useful, "pay it forward" and help someone else out, that's how places like MSE can be so successful.0 -
Lifes_Grand_Plan wrote: »Was thinking of being worried about this for a millisecond until I remembered I was on a BOE tracker... phew!
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
my mortgage deal! 0 -
If only savers rates would go up then it would be excellent news!
sense returning at last!0 -
I'm on a Halifax lifetime tracker. BOE + 0.99%. It was a deliberate decision to take a lifetime tracker, but I never imagined the BOE rate would go so low and for so long.
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.0 -
IMHO they are strapping the wings on the pigs at your local airport.If only savers rates would go up then it would be excellent news! sense returning at last!I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I think RBS has a nerve considering we the public own the flipping bank :mad:0
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Both Halifax and RBS are taxpayer funded.0
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