ING Direct mortgage

jeferey

jeferey wrote: »

Looks very likely - so mortgage would be 1.39% :j

The Bank of England has cut interest rates to 0.5% - a fresh all-time low - and said it was now boosting the money supply to help revive the economy.

reck_uk

Yep, here's the article. http://news.bbc.co.uk/1/hi/business/7925620.stm

mr_jetlag

So, has anyone received their rate change letter for this month?

aliasojo

Nope, not as of yet. No change on the online rate quote on my account either.

reck_uk

Nope, not got letter yet either.

jeferey

reck_uk wrote: »

Nope, not got letter yet either.

I've had mine but I added £100 / month onto my payments which is due to start April and it had the 1.39% on it.

costingbunny_2

Not had my change of rate letter yet which is odd as it normally comes on 20th?? anyone else missing their letter?

MoneySavingNovice

Not got mine either, but I have just checked on-line and found that the 'Monthly Payments' amount is now equal to 1.39%

Jeannine

New payment shown online - will be 1.39%

Anyone notice the mistake they made on their website recently? Their new 2 year tracker mortgage was shown as 3.49% which supposedly was BoE base rate plus 2.49%. Whoops! Now correct at 2.99%!

mr_jetlag

Jeannine wrote: »

New payment shown online - will be 1.39%

Anyone notice the mistake they made on their website recently? Their new 2 year tracker mortgage was shown as 3.49% which supposedly was BoE base rate plus 2.49%. Whoops! Now correct at 2.99%!

Thanks for that.

Also, when you call their Mortgages call center, there is now an option to hear a canned message assuring us that the Flexible Mortgage continues to maintain its rate promise of "less than .90% above the base rate". So good news... though I wish I had the letter in hand. We don't see the changes in rates online as we overpay a fixed amount each month.