Interest Rates cut

[drynetter]

Originally Posted by The Prowler

Sadly being on the SVR is no guarentee of you benefiting from the full 1.5% decrease - many of the Banks were talking only last week of not passing on the full % drop to mortgage customers.

I think it will depend on which Bank (or mortgage lender) you are with - those recently bailed out by the taxpayer will come under massive pressure to pass on the full decrease, others may try to wriggle out of it

Time for a cut in petrol / diesel duty - GET IT DOWN BROWN

Maybe not but they passed the last reduction on, here's hoping. There was something on the radio earlier about them doing the same again???

BTW petrol down to 92.9p litre at Morrisons, not sure if anywhere else has followed suit yet, think ASDA may have???

[The Prowler]

Drynetter,

The following article may be of use to you - some of the Banks have already taken action.

BBC NEWS | Business | Lenders heed calls for rate cuts

I managed (after a lot of hassle) to re-mortgage to a tracker linked to the Bank of England Base Rate about a month ago - like you say, others on fixed rates will not be so happy.

[drynetter]

Originally Posted by The Prowler

Drynetter,

The following article may be of use to you - some of the Banks have already taken action.

BBC NEWS | Business | Lenders heed calls for rate cuts

I managed (after a lot of hassle) to re-mortgage to a tracker linked to the Bank of England Base Rate about a month ago - like you say, others on fixed rates will not be so happy.

I'd seen something along these lines earlier on today (yesterday). I'll be one of the lucky ones as mine's with the Nationwide... Thanks for the link though.

Let's just hope it's not the calm before the storm.