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Posted: Fri Nov 07, 2008 8:09 pm
by creditcrunched
get your turkeys ordered[:D]
Halifax, the UK's largest mortgage lender, said it was passing on the full 1.5% interest rate cut to customers on its standard variable rate.
Meanwhile, Nationwide became the first building society to announce it was passing on Thursday's 1.5% interest rate cut to its variable rate mortgage customers.
The group announced it was cutting its standard variable rate, which it calls the base mortgage rate, by the full amount to 4.69% from December 1.
It joins only three other lenders - Lloyds TSB, Abbey and Scottish Widows - which have so far said they will pass on the cut to borrowers.
Posted: Fri Nov 07, 2008 8:11 pm
by Lisa2009
I heard on the radio today that even Northern Rock have agreed to cut their rates too.
Posted: Fri Nov 07, 2008 8:12 pm
by kallis3
Still waiting to hear if mine will.
Posted: Fri Nov 07, 2008 8:15 pm
by Lisa2009
Whos yours Jan?
Posted: Fri Nov 07, 2008 8:17 pm
by Julie
I hope NR do - it would be a great help.
Posted: Fri Nov 07, 2008 8:19 pm
by creditcrunched
NR will we own them now [:D]
Posted: Fri Nov 07, 2008 8:22 pm
by creditcrunched
strange old lot NR i owed them 50k of my 75k debt and they didnt even cast a vote at my iva meeting out of the 75k only 3k voted now they want sky high dividends[:I]
Posted: Fri Nov 07, 2008 8:23 pm
by Julie
As a part owner I think we (NR) should pass on a bit extra as a goodwill gesture [:D]
Posted: Fri Nov 07, 2008 8:23 pm
by drowning-mummy
This is great news!
I really hope that Mortgage Express (owned by Bradford and Bingley) do too as I have just switched to an interest only mortgage and would love to go back to repayment, so fingers crossed that they follow suit XXXXXXXX
Posted: Fri Nov 07, 2008 8:24 pm
by creditcrunched
i will go with that [:D]and maybe a big tax rebate for bailing them out would be nice in december
Posted: Fri Nov 07, 2008 8:40 pm
by kallis3
Sorry Mrs S, just caught up with this again!
It's the Chelsea Building Society.
Posted: Fri Nov 07, 2008 9:18 pm
by plasticdaft
I cant wait for our fixed rate to end coz we are with tsb and their SVR is less than our current fixed rate!! Anyone think the rate will stay low for a while?? Could it go lower still??
Posted: Fri Nov 07, 2008 9:24 pm
by Skippy
We're with Abbey, but on a fixed rate. Fingers crossed the rates stay low for next summer!
Posted: Fri Nov 07, 2008 9:28 pm
by plasticdaft
Skippy13 wrote:
We're with Abbey, but on a fixed rate. Fingers crossed the rates stay low for next summer!
I need the rate to stay low for the next 40 months till the trust deed is over!!!
Posted: Fri Nov 07, 2008 11:35 pm
by c.j
good news for some but i am on fixed rate till feb'10.so it wont affect me.