We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Bank of England reduced the rates, but HSBC increased the mortgage rate, why?
Same situation. My rate also expires 1st July. I will be securing the 4.75% tracker in my opinion, i presume it will be 4.5% in July following another cut...same as current fix rates, gives me some flexibility to secure a fix as and when I need to.....
Same situation. My rate also expires 1st July. I will be securing the 4.75% tracker in my opinion, i presume it will be 4.5% in July following another cut...same as current fix rates, gives me some flexibility to secure a fix as and when I need to.....
Hadn't considered a tracker I've been looking at fixed rates but another .25% base rate cut and the rate on a 2yr tracker would drop below the current 2yr fixed rate I can get and the consensus of opinion is that there are more cuts to come. 2yr tracker currently £9pm more than 2yr fixed (both fee free) but nearly £40pm more than the 5yr fixed rate I can get. Hmmm got me thinking now, really can't decide whether to fix for 2 or 5 years or go for the tracker instead , anyone got a crystal ball? 🤣
I will 100% secure the 4.75% 2 year tracker with HSBC now to rate switch 1st July. I will 99% be sure it is 4.5 or even 4.25% by then. I will then ride out viewing fixes drop over the next year or two and then secure a fix when they are much lower than trackers again
