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!
New Mortgage Products
Greentea
Posts: 495 Forumite
If the BOE interest rates change do mortgage lenders always alter their products?
and if they do how soon after a change in interest rates should I see new products?
and if they do how soon after a change in interest rates should I see new products?
0
Comments
-
No, in fact, many of them fail to reduce their rates at all and even those that do do not pass on the full fall
It is difficult to say when new products might appear but reading the Times today, they were suggesting that the next movement in fixed rates might be up not down, so there can be a dis-connect between mortgage rates and the BOE
That is one reason when I like my base rate tracker mortgage0 -
My life time tracker mortgage is fixed at 0.5% above base and I happy as I do not have to worry about changing my mortgage every 2-3 years.£2 Coins Savings Club 2012 is £4
.............................NCFC member No: 00005.........
......................................................................TCNC member No: 00008
NPFM 210
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards