interest rates down to 3%

[Pat McCrotch]

"WHOOP WHOOP"

(as the kids of today might say)

fantastic news for all us tracker mortgage holders :yahoo:

 

[mr sheen]

Earlier this year I switched my mortgage to a tracker with HSBC that was guaranteed 0.48% over base rate for length of the mortgage. Result!

 

[Gazwag]

if you think the banks will pass this onto savers without a f***ing doubt ......like now!!!!

 

[reigate]

As I understand it, a tracker rate is what the name says: it tracks the base rate. A number of banks are scrapping their tracker rate schemes - but I'm not sure how you can increase your tracker rate and still call it a tracker rate?

See answers above...

 

[Deleted User X18H]

when will you stupid f***ing people realise this is terrible when?? When they devalue or abolish Sterling ?? When they start turning the lights off at 5.30 pm ? When manufacturing goes so tits up the benefits system fails and people have to walk from the northeast to London to feed their families just so you lot can save a couple of quid a month!!!

 

[Springal]

should be a nice saving for me! 0.5% cut took my mortgage down £80 a month so 1.5% should be rather tasty. Yes I am on a tracker!

 

[El Presidente]

Paid my mortgage off on Monday, so it's a 'Doh' from me.

 

[Bozza]

Let's have a mortgage competition:

Mine is a tracker at BoE base - 0.4%. Can anyone beat that?

 

[Bozza]

Let's have a mortgage competition:

Mine is a tracker at BoE base - 0.4%. Can anyone beat that?

...beaten before I even posted.

Paid my mortgage off on Monday, so it's a 'Doh' from me.

 

[cardboard]

Nope, Im on a fixed rate rip off rate for the next 17 months

Im paying well over the odds and the get out clause is about 5 grand

ho hum

 

[Jim D]

when will you stupid f***ing people realise this is terrible when?? When they devalue or abolish Sterling ?? When they start turning the lights off at 5.30 pm ? When manufacturing goes so tits up the benefits system fails and people have to walk from the northeast to London to feed their families just so you lot can save a couple of quid a month!!!

The 'couple of quid a month' is likely to be nearer £100-150 and as it will happen in December is likely to go straight into Christmas spending. This will give a further boost to the retail sector and might encourage people to spend on other things. People in my area aren't moving but are having their houses done up instead. At the very least it will give people a chance of keeping up their payments in the face of job losses or cutbacks.

What's more, I can see further rate cuts in a few months time.

 

[Bozza]

when will you stupid f***ing people realise this is terrible when?? When they devalue or abolish Sterling ?? When they start turning the lights off at 5.30 pm ? When manufacturing goes so tits up the benefits system fails and people have to walk from the northeast to London to feed their families just so you lot can save a couple of quid a month!!!

Although I can't be arsed to search out the posts now, you are the only poster on NSC who I recall seemingly celebrating the economic decline through your various inane ramblings.

I think most are well aware we are in shitty times and it's only going to get shittier before it gets better.

 

[Gazwag]

When they start turning the lights off at 5.30 pm ?

Bonus for you when you are peering through the neighbours windows of an evening

 

[Blackadder]

In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song, Shares in Kamikaze Bank were suspended after they nose-dived. While Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is reported to have taken a hit, but they remain in the black.

Furthermore, 500 staff at Karate Bank got the chop Analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.

Not heard that one before!

 

[Jello]

Let's have a mortgage competition:

Mine is a tracker at BoE base - 0.4%. Can anyone beat that?

is that -0.4% as in under BoE rate? very good deal if it is. I've got +0.24 above BoE rate so I'm quite happy no matter what HBB thinks.

 

[Blackadder]

Let's have a mortgage competition:

Mine is a tracker at BoE base - 0.4%. Can anyone beat that?

Not quite. 0.5%. Lifetime tracker with Woolwich.

 

[Dave the OAP]

...beaten before I even posted.

my last payment is 1st December after 27 years!!!

 

[Bozza]

is that -0.4% as in under BoE rate? very good deal if it is. I've got +0.24 above BoE rate so I'm quite happy no matter what HBB thinks.

Yep, under base. No skill in this, obviously, just fortunate timing - arrange the mortgage in January '07 but didn't start it until August '07.

At the time I was moaning a bit, because the base rate went up a few times between January and August meaning that our mortgage payments were going up before we'd even started paying it. As it turns out, obviously, that has been more than compensated for now.

 

[Blackadder]

Yep, under base. No skill in this, obviously, just fortunate timing - arrange the mortgage in January '07 but didn't start it until August '07.

At the time I was moaning a bit, because the base rate went up a few times between January and August meaning that our mortgage payments were going up before we'd even started paying it. As it turns out, obviously, that has been more than compensated for now.

UNDER Base? so you are paying 2.6%. Nice one!

 

[Blackadder]

my last payment is 1st December after 27 years!!!

Nice feeling. I plan to have mine cleared early next year.