Read the full story:
'Mortgage lenders cut rates for some after Bank of England base rate decision – check if yours is changing'
We’d like to remind Forumites to please avoid political debate on the Forum.
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.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
MSE News: Mortgage lenders cut rates for some after Bank of England base rate decision
MSE_Abby
Posts: 67 MSE Staff
Many mortgage lenders are cutting tracker and variable rates for existing customers as the dust settles on the Bank of England's decision to cut the base rate from 4% to 3.75% just days ago. If you're on one of these types of mortgages, here's what's happening to your rate...
If you haven’t already, join the forum to reply.
If you haven’t already, join the forum to reply.
1
Comments
-
That's interesting, I thought all banks dropped the rate immediately. I was contemplating between HSBC and Halifax, having to wait for Halifax until 1st of Feb would have bothered me. That's 6 weeks difference.HSBC seems to do many things faster, like calculating the interest and putting it in the account within 2hrs of the payment day.I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.Mortgage debt start date 11/2024 = 175k (5.19%)... Q1/2026 = PAID (3.94%)0
-
Santander cuts their rate on the 3rd January (stated on their website). Holding out to see what my renewal will be...0
-
I am with NatWest my deal ends on 30/04. I locked a fixed 2 years at 4.04% no fee yesterday. I hope the rate will reduce from now to April.Stevepd said:Santander cuts their rate on the 3rd January (stated on their website). Holding out to see what my renewal will be...0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards