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B.O.E Lowers rates to 5%

mr.broderick
mr.broderick Posts: 3,778 Forumite
1,000 Posts Combo Breaker
in House buying, renting & selling
Title says it all...
«1

Comments

  • Andyfonics
    Andyfonics Posts: 3 Newbie
    What does it mean though?
  • TBeckett100
    TBeckett100 Posts: 4,732 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    it means interest rates arent as high as they were this morning.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Bad news for us savers yet again.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • chinatown_2
    chinatown_2 Posts: 169 Forumite
    Great news for the likes of us who have just got a new tracker mortgage! Yet another £30 lowered. Thats £60 less than we were due to pay 5 weeks ago.
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    They bottled it
  • Markyt
    Markyt Posts: 11,864 Forumite
    chinatown wrote: »
    Great news for the likes of us who have just got a new tracker mortgage! Yet another £30 lowered. Thats £60 less than we were due to pay 5 weeks ago.

    As long as your other bills don't go up in response to the increased inflation, of course.
  • RabbitMad
    RabbitMad Posts: 2,069 Forumite
    Good news for me. If we can't find a good mortgage deal in june when our current deal ends we track the base rate +1.5%. If we end up paying it I'd rather pay 6.5% than 6.75%
  • Markyt
    Markyt Posts: 11,864 Forumite
    RabbitMad wrote: »
    Good news for me. If we can't find a good mortgage deal in june when our current deal ends we track the base rate +1.5%. If we end up paying it I'd rather pay 6.5% than 6.75%

    I wouldn't, if it means my fuel, heating, power, and any goods I purchase have gone up by more than that.
  • space_rider
    space_rider Posts: 1,741 Forumite
    It`ll make a difference to me as I have a base rate tracker which runs out end of the year.
  • therealdelboy
    therealdelboy Posts: 38 Forumite
    Phew !! Great news for us tracker holders !! Bring on another cut !!
This discussion has been closed.
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