Mortgage has actually gone down
#1
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Mortgage has actually gone down
I'm on a 'normal' mortgage with ING and they cut the rate by 0.5% this morning. I was quite surprised as I didn't think these things were being passed on.
Steve
Steve
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Some have passed on some haven't. Of those that have, even less have passed on the full 0.5% and some, like ING have taken an age to do it!
As above, shop around and have a look at those who do pass cuts on when considering a new mortgage!
5t.
As above, shop around and have a look at those who do pass cuts on when considering a new mortgage!
5t.
#5
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i've not had HSBC pass the 0.5% down to us yet. either on the house mortgage or on our BTLs.
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Finger's crossed anyway - my tracker is 0.75% about BoE base rate
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#10
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I looked at my mortgage details and it turns out after the special rate, mine tracks 1% above base - at the time that sort of product came with a £1000+ fee.
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We have just renewed our from a company called Kensington! right bunch of jack *****! We are now as of today with The Halifax! mortgage payments have gone from £1,900 to £1,400..... we might be able to afford new tyres for the scoob now!! whoooop whooop!
#14
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Had the foresight to anticipate the rate reductions in January this year, and remortgaged on a BOE Base Rate tracker at just 0.23% over base
For some reason HSBC were overwhelmed with demand and pulled the plug to new applicants three weeks after ours was booked
As someone with a whopping mortgage and no savings, bring on the speculated 2% or less base rate
For some reason HSBC were overwhelmed with demand and pulled the plug to new applicants three weeks after ours was booked
As someone with a whopping mortgage and no savings, bring on the speculated 2% or less base rate
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Strap yourselves in, the Bank of England could easily cut interest rates by one whole percent next Thursday, now that will make a nice difference for anyone with a mortgage (even if the full 1% isn't passed on)!!
#19
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Ooh now that would be nice, i've just had a reduction of £80 a month and that would be another £160 a month off on top. Can't see a 1% drop in one go happening but I really hope they do!
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Telboy, i apprieciate (sp??) that you work in the sector but a whole 1% surely not ?
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sounds like people are realising that the doom and gloom painted by the media a short while ago was just a bunch of ****, just like i predicted
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#23
very possibly - The people who were predicting a possible 0.5 last month are now predicting a more than likely 1.0% this month. The basic thing that they have failed to take into account is that even with a tracker mortgage,it takes three months for any increase or decrease to make it into spending money. I think the time that this was most apparent was July 2007, when the May increase hadn't filtered through. The 0.25 increase then will require at least 2.0% now to fix the damage. If they had held steady at 5.25 in March fohh seven for the long term, STG wold be kicking the **** out of the dollar and we would have some degree of stability. A 1% cut next month will feel good early next year, but long term it (or even this months cut) will do more harm to your pocket than a long term stable economy
#25
im fixed at 5.7 and 6.1% until 2012 and 2014
not too bad a rate to be fixed at i suppose,good to see you lot are actually gettin the benefit of these rate reductions
not too bad a rate to be fixed at i suppose,good to see you lot are actually gettin the benefit of these rate reductions
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Big Den
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21 August 2001 06:55 PM