Originally posted by sunnysan
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Interest rates too high
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I heard on the radio that there are a few C&G mortgage holders out there who would be paid for the privilege if rates go down by much more because they have a certain percentage below base rate deal, even though it’s written in the small print that this can’t happen there’s little chance of C&G being able to enforce it as this wouldn’t have been made clear enough when the mortgage was originally sold.
Boomed.Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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Originally posted by gingerjedi View PostI heard on the radio that there are a few C&G mortgage holders out there who would be paid for the privilege if rates go down by much more because they have a certain percentage below base rate deal, even though it’s written in the small print that this can’t happen there’s little chance of C&G being able to enforce it as this wouldn’t have been made clear enough when the mortgage was originally sold.
Boomed.
That's rubbish. A mortgage is a loan so the lowest an interest rate can go is zero percent. Some people are just plain stupid !!!Comment
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Originally posted by Cyberman View PostThat's rubbish. A mortgage is a loan so the lowest an interest rate can go is zero percent. Some people are just plain stupid !!!
There is in fact such a thing as NEGATIVE INTEREST. Besides I cannot imagine anyone has a below base rate tracker that has more than a few months to run!Comment
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