We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Banks’ mortgage deals
Options
PeggyMay
Posts: 39 Forumite
Just wondered how often banks revise their rates for their mortgage deals? Does it happen with set regularity, e.g. every month? Does it happen on a specific day of each month? Or is it more ad hoc than that?
Thanks!
Thanks!
1
Comments
-
Ad-hoc i.e.overnight. Running multi billion mortgage books is actually very complex. Not simply a question of borrowing at x% and lending at Y%. Rates will be authorised at board level under the guidance of the risk management team.0
-
Usually we get 24-48 hours notice of rate changes but they can happen at any time through the week/month/year
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards