barclays bank base rate still 5.25%?

italia

i have a woolwich mortgage based on barclays bank base rate + something! i found a webpage with the base rate on pre rate cut but can't get the same page to work, the base rate isn't something they advertise clearly on their site. i haven't had a letter through to say its been reduced so i assume they aren't passing that saving on?

i've had lots of letters from savings accounts (all sadly rather empty) telling me they are cutting the rates though!

typical!

meanmachine_2

No, just checked their website.

The BBBR is now 5%

Old_Git

I received a letter from woolwich /barclays yesterday to say my mortgage rate will be cut . There base rate is now 5.00% .I pay 0.18% above that .

Badger_Lady

If yours is a tracker mortgage, e.g. "base rate + 0.5%" then it will have been reduced. However, if it's just a variable rate (so maybe it was +x% when it started but no guarantees), then it may not have changed.

If you give them a call, they can let you know what changes have been made (that was how I checked mine - I've got a tracker rate but it can take a long time for the letters to arrive).