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Scrapping LIBOR
mrbilbs
Posts: 81 Forumite
So we have just watched the news saying they might scrap/re structure LIBOR. My mortgage is based on it - should I be very worried?! :eek:
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Comments
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No. They'll replace it with something else.
Just keep on paying.0 -
opinions4u wrote: »No. They'll replace it with something else.
Just keep on paying.
Oh I will keep on paying, I just hope what they bring in is better!0 -
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I heard it will be replaced with a flat rate at 10%.0
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If it is replaced, the new and improved version won't look much different. I suspect you and everyone else won't see any difference. You will be told every 3 months, its changed, you won't know why and you will just keep paying your mortgage!0
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