March 21

What do the interest cuts mean for me?

  • my fixed rate ends in feb next year, i currently pay 378 per month so with these cuts what will it be come feb providing they don't alter the rate again?
    also could you please show me how to work it out.thank you.


  • what is a cut


  • Your mortgage would normally revert to your lenders standard variable rate in march. After todays news some lenders will be slow in making announcements. Without knowing how much you owe, type of mortgage etc cant be specific.
    Contact an Independent mortgage broker


  • It depend on what type of mortgage you get, how much you've got left to pay & how long your mortgage is - so no one on here can give you an exact figure...


  • it affects only if u hv lot of money to keep in banks or taken good amt of loan. if not dont worry


  • It all depends on your lender as they all have different standard rates. the interest rate only matters if you have an interest only or tracker mortgage. I would see a mortgage broker and arrange a new mortgage maybe. There are plenty of free or very low fee advisors, I have one at Reeds Rains, so good luck.


  • It;s probably to ask your mortgage lender.







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