BOE Base Rate Cut by 0.25 to 5.5%

MisterC_2

Yes lisyloo, asle heard that according to the grapevine they are rebuilding the coffers for the shareholders since the abortive bid for resolution cost them a fortune. crooks !

lisyloo

Yes lisyloo, asle heard that according to the grapevine they are rebuilding the coffers for the shareholders since the abortive bid for resolution cost them a fortune. crooks !

That's why people on here are advising not to gamble with crooks i.e. take a mortgage that has a connection to SVR

planetf1

mrcow wrote: »

We have a lifetime tracker and at the moment am happy to keep it this way so the cut today will have an immediate impact

Did it take effect immediately?

I'm with the co-op - having secured a brilliant 2yr BoEBB+0.04% in November (rising to +.44% for life after 2 years/no penalty which is still respectable) with no fee.

Anyway whilst the interest is calculated daily, the interest rate change is only effective on the 1st of the month after the BofE change the rate.