Trackers - do all lenders have the clause that lets them put rates up?

pinkteapot

kingstreet wrote: »

Not you. Not the OP here. The OP of the thread in question;-

https://forums.moneysavingexpert.com/discussion/545126

:rotfl:

Sorry. I have in the past asked exactly the same question about two years later, having completely forgotten I asked before, so it wasn't outside the realms of possibility that it was me.

Perelandra

pinkteapot wrote: »

:rotfl:

Sorry. I have in the past asked exactly the same question about two years later, having completely forgotten I asked before, so it wasn't outside the realms of possibility that it was me.

Made me chuckle!

Thrugelmir

surreysaver wrote: »

If its been since 2008, the conditions are no longer exceptional?

Banks have until 2019 to comply with tougher and higher solvency and capital regulations under Basle 3. So the game hasn't even reached half time yet.

As a side matter nor have the sins of the Banks been resolved. As JP Morgans $13 billion fine demonstrated earlier this week. The civil law suits are yet to follow.

The reason I mention JPM is that they have bought 90% of securitised UK bank debt since 2008. Without this support funding would have proved even more difficult than it has been.

We lived in a global interlinked financial world until 2008. The trend is now totally in reverse.