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libour
camkick
Posts: 25 Forumite
Hi
Can anyone tell me what is going on with LIBOUR AS my mortgage is determined by this
Can anyone tell me what is going on with LIBOUR AS my mortgage is determined by this
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Comments
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do you have a libor tracker or a lender that may use libor in addition to other things to decide their standard variable rate?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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as far as I can work out my mortgage is tracked to LIBOUR my repayments change every 3 months0
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If it is a LIBOR tracker than you have probably benefited from the issues as the rate was mostly manipulated downwards. It is mainly commercial banking customers that have lost out. Retail consumers gained.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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