Carney-rate rise kicked into long grass

Glover1862

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.

ACG

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.

dano17439

Sounds like you'd be better of with a tracker?

Glover1862

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.