SMF - Just Installed!

Mortgage lenders have lowered interest rates

Started by propertyfag, December 07, 2007, 09:37:29 AM

Previous topic - Next topic

propertyfag

Leading mortgage lenders have responded to the Bank of England's interest rate cut, fully passing it on borrowers. Halifax and Nationwide were the first to reduce their standard rates after the Bank reduced the UK base rate from 5.75% to 5.5%. Passing on the cut in full will knock between £15 and £20 off the monthly repayments on a £100,000 mortgage.

http://newsvote.bbc.co.uk/1/hi/business/7130826.stm

Looks like you were wrong, Badgey. And I for one am glad you were wrong this time :)

Badger

How much did your payments come down last month.  I was pleasantly surprised !!!

propertyfag

My lender didn't reduce rates for their variable rate borrowers. That pissed me off.

I'm going to remortgage when I can, which should be in a few months time.

There should be another drop in rates on the 6th of Jan.