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Carney-rate rise kicked into long grass
Glover1862
Posts: 410 Forumite
http://www.telegraph.co.uk/finance/economics/12140267/uk-interest-rate-rise-pushed-on-hold-bank-of-england-mark-carney.html
Have any lenders actually cut rates or will they take time to filter through?
I'm been look at CO-OP Britannia 5 year fixes on 60 LTV and been fairly stable for the last few months, 2.64% with no product fees was going to be my choice but might wait now.
Have any lenders actually cut rates or will they take time to filter through?
I'm been look at CO-OP Britannia 5 year fixes on 60 LTV and been fairly stable for the last few months, 2.64% with no product fees was going to be my choice but might wait now.
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Comments
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Your looking at a lender that had/has a gaping hole in their finances.
http://www.theguardian.com/business/2013/jul/04/co-op-bank-black-hole
When I worked for them, they went through cycles wanting to be at the top and then happy to drop and stem the flow of business. That was before this news was announced though.I am a Mortgage AdviserYou 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.0 -
Sounds like you'd be better of with a tracker?0
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Their tracker is terrible, 2.99% with £995 product fee. Fixed rates are not too bad but as I'm with then I can do execution only switch, no fees, interviews and MMR to worry about, worth a bit of a premium.0
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