All Entries Tagged With: "Tracker Mortgage"
Lifetime tracker mortgage explained, imminent rate rise
You only need to travel back a few months and you could’ve seen people telling you they had a mortgage rate of 0.9%, which at first seems amazing but can be understood when you think about tracker mortgages
Nationwide have agreed to reduce the collar on Tracker Mortgage
Nationwide Building Society has announced that it will be reducing the collar of 2.75 percent it has on existing tracker mortgage holders terms and conditions to 2 percent as a temporary concession.
Previously Nationwide had said that they would not cut the rate for existing Tracker Mortgage customers
How can I benefit from the interest rate cuts?
The Bank of England has cut the base interest rate for the forth consecutive time taking the base interest rate now down to 1.5 percent the lowest level in over 300 years, but what does this mean to you?
If you are a homeowner on a variable or tracker mortgage this is fantastic news, however if [...]
Halifax launch new Tracker rate 5.14 percent
Halifax owned by HBOS has joined several other banks in increasing their margins on their Tracker mortgage products which has caused concerns with consumer groups and the government. Halifax pulled all its Tracker deals just before the surprise 1.5 percent interest rate cut by the Bank of England last Thursday.
Previous to the cut, Halifax pegged [...]
Lloyds TSB launches Tracker Mortgage at 4.89 percent
Although Lloyds TSB (LON:LLOY) did pass on the full 1.5 percent base rate to its existing customers, if you are a new customer looking for a tracker mortgage then you will not benefit from the full 1.5 percent cut, Lloyds TSB has followed the lead of Abbey and hiked up the amount it charges above [...]
Tracker Mortgage Deals Stuck Despite Bank of England’s Rate Cut
Despite the Bank of England’s cut in interest rate this month the average Tracker mortgage deals are stuck at the same level we were getting in 2007.
Looking back to October 2007, the average rate offered on a Tracker mortgage was at 6.23 percent, presently we are at 6.27 percent for the average Tracker rate. Despite [...]
Barclays owned Woolwich has cut mortgage rates
Barclays owned Woolwich, who is one of the UK’s biggest mortgage lenders has reduced their mortgage rates, this follows the fall in the cost of wholesale funding. The Woolwich has cut their tracker deals by 0.1%, along with their fixed-rate products by up to 0.3%.
This move by Woolwich follows other lenders like
Abbey and Nationwide reduce fixed-rate and tracker mortgages
Abbey and Nationwide Building Society have announced that they are to reduce a range of their mortgages this week, with Nationwide offering better reduced rates than
AIB take blame for tracker mortgage error
AIB has now taken the blame for the manual error to 500 discount tracker mortgage accounts, which were not increased after an ECB interest rate rise between the date March 2006 and March 2007.
The Allied Irish Bank has said that the account holders continued to