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Old 08 October 2008, 04:19 PM
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stevebt
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Default Mortgage rate drop
As from the 1st of november some banks will be reducing the mortgage rate, it has to be good news for a few out there!

BBC NEWS | Business | Mortgage rates cut on Bank news
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Old 08 October 2008, 04:24 PM
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I'd have thought they would avoid passing it on to customers as much as they could in their time of financial need
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Old 08 October 2008, 04:25 PM
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I think its part of a condition of the government bailing them out ?
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Old 08 October 2008, 04:47 PM
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Hopefully ease the pain for a few then but I still think rates are really low anyway and people are only in difficulty because they overstretched when they borrowed.

I see the rates are still a lot higher than the bank rate.Nearly 2%!
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Old 08 October 2008, 06:43 PM
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Most banks put their rates up last week so there's no real gain
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Old 08 October 2008, 08:50 PM
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Savers lose money after inflation. The indebted get a cheap ride.
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Old 08 October 2008, 09:02 PM
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The ups and downs always annoy me. It goes up 0.25% and we are paying £40 more, it comes down 0.25% and we save £15!
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Old 09 October 2008, 08:45 AM
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Originally Posted by stevebt
As from the 1st of november some banks will be reducing the mortgage rate, it has to be good news for a few out there!

BBC NEWS | Business | Mortgage rates cut on Bank news
good news for you steve

ring after all?
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Old 09 October 2008, 09:05 AM
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Northern Rock still haven't announced a cut

FECKIN TYPICAL
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