Page 1 of Everyone`s mortgage come down?

Anyone`s mortage provider not yet passed on the rate reduction??
To their credit, First Direct have recently sent me letters within days of the latest rate reductions.

A&L letter advised me of 0.25% cut this week from October.




I consider myself an optimist, albeit an optimist with cynical tendencies and a dark side that Lucifer himself would find a little creepy. (Perhaps you've noticed.) You don't normally associate cynicism with an upbeat pov. But I have exactly that combination and will defend it.

When fishermen catch dolphin-friendly tuna, how do they know which tuna are being friendly to dolphins?

On a tracker which charges daily interest and the rate changes the day after the BoE make changes to the base rate...so yeah.

Still paying less a month for the mortgage than I do on my lunches though!

"Build a man a fire, and he`ll be warm for a day. Set a man on fire, and he`ll be warm for the rest of his life."
-Terry Pratchett.

Was on HSBC online last night and I noticed that they are dropping the rates from the first of December. 3.79% and a £45-ish reduction in the mortgage every month.

This item was edited on Thursday, 13th November 2008, 13:31

With the two recent reductions combined, I`m about £130 a month better off, which is nice.
The quandry is whether to fritter the savings away, or keep my mortgage payments at the same level they are now and effectively overpay for a while.
A new telly is calling my name though... ;)
Which is, after all, the sort of thing the rate reductions are supposed to allow. :D
Help the high street, and all that.

This item was edited on Thursday, 13th November 2008, 13:36

Not had a letter from mine yet, so it`ll be interesting to see what happens. They did pass on a .25% saving a month or so ago I seem to remember.

Whilst the interest rate is still low and inflation still high...spend spend spend!
When we get to low inflation (or even deflation!) then save your cash.

"Build a man a fire, and he`ll be warm for a day. Set a man on fire, and he`ll be warm for the rest of his life."
-Terry Pratchett.

HSBC have no choice but to pass it on to me

My agreement is that they will charge no more than 1% above base rate and thay are already on that ceiling

The only annoyance is that they "must do this within one month" of it coming into force so the 0.5% cut on October 2008 kicks in on Nov 7 so i dont see a saving until my Dec 08 payment

That being so i guess it will be january before i see the effect of the 1.5% fall





YNWA
A.C.C

Not had a letter yet but my tracker follows the BOE rate so when we took it out in August we were on 5.89% thats now reduced to 3.89% which is nice. I`m gonna not gonna spend the saving though as can only go up at some point and don`t want to get used to spending frivolously

stuck on a 5.29 fixed rate until next July.... :(

why take life so seriously..its not like you are going to make it out alive