Interest Rates Cut to 0.25%

Glover1862

Glover1862 said:

2nd_time_buyer said:

I phoned the Coventry earlier today. The guy I spoke read out a load of gufff about reviewing rates, market conditions, trying to be fair tor all members...
In short no decision yet. However, I have a strong suspicion they will not pass it on in full.
 

I hope they do pass it on, however they normally announce it quicker, they certainly passed the two rises from .25 to .75! 

It’s a no ERC product so I might consider moving to a new lender if they only consider it fair to move rates upwards. 

I suppose the problem they have is that the term product is still available to new customers, if they reduce it by 0.5% it makes it a very attractive rate and they probably don’t want that business, they could always withdraw it and pass it on to existing customers.

Doesn't look like CBS are passing on the rate cut, that's the first one, never mind the second!!!

xuchang1032

my halifax 5 years fixed offer is still 1.56% as received today 
Also the news says the bank is narrowing the mortgage offer.... not good at all.