UK interest rate has been cut to 5%. Thank you!
Our mortgage has gone up and up since we moved, it was worrying, the housing market is in real decline at the moment. Most banks will probably not pass this onto the customer on a variable rate deal, but luckily ours tracks the base rate, so it will take effect from May.
Our 2 year tie in finishes in August, whereby the discount we have goes bye bye. It is the worst possible time given the current lack of consumer confidence, banks are pulling deals all over the place. I really hope it picks up in the next couple of months so we can get a good rate when the time comes, we have a lot still to pay!
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