Reply to: Bank Rate cut .5 %

[OwlHoot]

I have a variable rate mortgage with Barclay's (was the Woolwich) and haven't noticed my mortgage repayments going down to speak of in recent months.

WHS

[swamp]

0.69% above BoE lifetime tracker with no collar...





...don't want to appear smug but these are gloomy days so what the hell!

[expat]

Perhaps



Perhaps not.

I seem to meet two types of people, those who took a fixed rate at about 5-6% and figured that whatever happened to rates they were getting a good deal (considering long term average interest rates over say the last 25 years). Then there are those who sign up to a similar rate being convinced that they've signed up when rates were at their lowest and that they can fold their arms certain in the knowledge that they're smarter than average.

I respect people in the first category and admire their philosophical view of the current (assumably temporary) drop in rates.

Maybe there is something wrong with me, but I laugh heartily at people in the second group when the smile is wiped from their face. I guess I just don't like braggarts.

Well, I don't fit in either. That's par for me (shrug). I have a mortgage that is discounted 1.59% on Standard Variable Rate. That is what was on offer.

Now SVR doesn't seem to have been driven down far, so I'm still paying what seems to me like quite a lot for a roof over my head. But I'm not compaining, it was my choice to come and live in England. Certainly not bragging either.

[oracleslave]

Over 5 years?

Or was that a pun on the word fix?

Or should I get out more?

Poor pun. Apologies.

[BrilloPad]

If that's the best fix you can get you need to get out more.

Over 5 years?

Or was that a pun on the word fix?

Or should I get out more?

[BrilloPad]

I have a variable rate mortgage with Barclay's (was the Woolwich) and haven't noticed my mortgage repayments going down to speak of in recent months.

I have one with HBOS. Got some cuts but not as many as I would like. Interesting to see how much of this cut I get.

[oracleslave]

anything between 4.0% and 5.0% is a great fix imo.

If that's the best fix you can get you need to get out more.

[Solidec]

Cousin has a baserate plus .39 with barclays, no collar. wonder if their bbbr will deviate from base. 1.89% interest is ridonkulous.

And yet My dad is still waiting on barclays to adjust their SVR. If they don't, I am hoping new lower fixed rates for 5 years will hit around 4.5% for him to fix at, anything between 4.0% and 5.0% is a great fix imo.

On a side note, Pret a manger's Saag Aloo soup is YUMMALICIOUS today!

[shaunbhoy]

Perhaps



Perhaps not.

I seem to meet two types of people, those who took a fixed rate at about 5-6% and figured that whatever happened to rates they were getting a good deal (considering long term average interest rates over say the last 25 years). Then there are those who sign up to a similar rate being convinced that they've signed up when rates were at their lowest and that they can fold their arms certain in the knowledge that they're smarter than average.

I respect people in the first category and admire their philosophical view of the current (assumably temporary) drop in rates.

Maybe there is something wrong with me, but I laugh heartily at people in the second group when the smile is wiped from their face. I guess I just don't like braggarts.

Well I don't remember bragging or even mentioning my mortgage rate prior to today. Furthermore, I simply renewed my mortgage when the previous one expired in July. Not sure where that might put me in your range, however as I couldn't actually give a flying fiddler's fart what you might think anyway, I shall treat your little outburst with the contempt it deserves.

[TimberWolf]

Lifetime tracker mortgage with no collar or floor

.... though linked to the Barclays base rate, which they are now saying they cannot guarantee will always be the same as the BOE rate.

I have a variable rate mortgage with Barclay's (was the Woolwich) and haven't noticed my mortgage repayments going down to speak of in recent months.

[Tensai]

Lifetime tracker mortgage with no collar or floor

.... though linked to the Barclays base rate, which they are now saying they cannot guarantee will always be the same as the BOE rate.

[Platypus]

How unnecessarily spiteful.

Perhaps

Are you wired correctly I wonder?

Perhaps not.

I seem to meet two types of people, those who took a fixed rate at about 5-6% and figured that whatever happened to rates they were getting a good deal (considering long term average interest rates over say the last 25 years). Then there are those who sign up to a similar rate being convinced that they've signed up when rates were at their lowest and that they can fold their arms certain in the knowledge that they're smarter than average.

I respect people in the first category and admire their philosophical view of the current (assumably temporary) drop in rates.

Maybe there is something wrong with me, but I laugh heartily at people in the second group when the smile is wiped from their face. I guess I just don't like braggarts.

[Bagpuss]

This message is hidden because Cyberman is on your ignore list.

[Cyberman]

Yeah 0% the pound could collapse, savers withdraw money en mass. As long as those on trackers save a few quid though what does the wider economy matter. A cheap mortgage on the dole!

Well, it will save HMG a fortune on mortgage benefits !!

[Bagpuss]

Yeah 0% the pound could collapse, savers withdraw money en mass. As long as those on trackers save a few quid though what does the wider economy matter. A cheap mortgage on the dole!