interest rates down to 3%

[Bozza]

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

Yes - UNDER. Doesn't get applied to the following month so 4.1% this month and 2.6% next.

 

[Garage_Doors]

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

Sky news
Lloyds TSB Says Cheltenham Gloucester To Pass On Interest Rate Cut In Full | Business | Sky News

Lloyds TSB says its mortgage arm Cheltenham & Gloucester will pass on the 1.5% cut in the base rate of interest in full on 1 December, reducing its standard variable rate from 6.5% to 5%.

 

[Dave the OAP]

the other day I started to work out how much I had paid to the Halifax/HSBC for an initial £25k Mortgage in 1982.

I gave up after depressing myself when I got to about £200k

 

[Mustela Furo]

check the small print ... some tracker mortgages have a MINIMUM rate clause below which it will not drop -- even if the interest rate goes down to 0%

 

[hitony]

Let's have a mortgage competition:

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

Does not beat yours, but mine is a tracker at BoE - 0.5% I am still very happy with the news today, regardless of what some are saying.

 

[Gritt23]

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!!!

I assume your fears for the health of the economy over this are because you agree with the theories recently asserted by a group of Austrian economists, but I would be interested to hear you elaborate on this yourself.

When the decision to cut interest rates has been taken to stimulate growth in an economy that is heading towards recession, why do you think this is a bad idea? Please explain, as I would seem to be one of the "f***ing stupid people" and could therefore do with some educating.

 

[El Presidente]

If you tune into Sky Channel 203 for the 5pm news, you will see one of NSC's well known media WHORES giving his views on how the banks will stitch everyone up on this issue.

 

[Bozza]

the other day I started to work out how much I had paid to the Halifax/HSBC for an initial £25k Mortgage in 1982.

I gave up after depressing myself when I got to about £200k

On the other hand - how much is that 1982 £25k worth of property worth now?

 

[Nottseagull]

when will you stupid f***ing people realise this is terrible when?? When they devalue or abolish Sterling ??:

We must NEVER abolish sterling. Control of the money supply to suit the UK economy is essential, Thatcher and new Labour both know this. Never vote for a candidate who advocates joining the Euro - if the EEC force us, we must withdraw and try and re-establish free trade with the Commonwealth.

 

[Dave the OAP]

On the other hand - how much is that 1982 £25k worth of property worth now?

true

although we were quoted that the house was worth £225k before the summer, I would have thought now, its probably worth around £180 ( or whatever someone will pay of course)

 

[aftershavedave]

Let's have a mortgage competition:

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

0.18 base rate tracker for term

 

[Bozza]

0.18 base rate tracker for term

As I'm base MINUS that makes you a loser.

(Until I have to remortgage, of course)

 

[Lokki 7]

I am also on a minus the BofE base rate but only by 0.12%. You got deal of the year there Bozza.
I wonder how many people who took out mortgages via NSC posters advice are happy today. Anyone? It's a good opportunity to highlight the value of NSC I reckon. Step forward.

 

[Garage_Doors]

0.4 + base so 3.4. until end of term 2011

Can't beat Bozza but I'm happy

 

[Garage_Doors]

As I'm base MINUS that makes you a loser.

(Until I have to remortgage, of course)

Bozza, how long have you got that deal for ?

 

[aftershavedave]

"Now I did a post a couple of months ago stating this and advised people to get in on short term fixed rates urgently. Some " wise " people on here who are not mortgage advisors but feel they have the expertise told me when I did this that it was " a bad " time to fix. Abbey have increased their 2 year fixed rates 4 times in a month from 5.14% to a present 5.89%.

I don't want to say I told you so but I told you so.

Regards."

 

[Herr Tubthumper]

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!

Those bastards at the gas company will get wind of this interest rate cut. Realising we now have some extra money they will jack our energy bills up again.

 

[Simster]

"Now I did a post a couple of months ago stating this and advised people to get in on short term fixed rates urgently. Some " wise " people on here who are not mortgage advisors but feel they have the expertise told me when I did this that it was " a bad " time to fix. Abbey have increased their 2 year fixed rates 4 times in a month from 5.14% to a present 5.89%.

I don't want to say I told you so but I told you so.

Regards."

When was this quote taken from?

 

[aftershavedave]

When was this quote taken from?

summer 2007

 

[Simster]

Abbey are now running at a fixed rate of 5.39 which will certainly fall further. Not sure it was *that* bad advice considering that quote was from 15 months ago.