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bank of England base rate
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thebullsback
Posts: 607 Forumite
I have a fixed Tracker Mortgage with Tulip ( They took over Northern Rock) Am I right in thinking that due to a cut in Base rate my previous monthly Payments of £216.80 should be less this month??
Keep in your thoughts the poor Beasts of burden around the World and curse All who do them harm.
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Comments
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What does the mortgage track?0
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Is there a collar on the product that restricts the level that the rate of interest charged can fall to?0
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I got a letter from west Bromwich saying mine is now 1.24% and my payments from this month will be about £5 less than normal.0
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Landmark - who also purchased some of the NRAM book - have not followed NRAM in reducing the SVR yet apparently.0
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Hi, sorry for delay in replying.Our mortage Tracks the BOE base rate.Keep in your thoughts the poor Beasts of burden around the World and curse All who do them harm.0
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