Comments on: A guide to tracker, discount variable and capped rate mortgages http://www.moneyhighstreet.com/feature/a-guide-to-tracker-discount-variable-and-capped-rate-mortgages/ The latest personal finance news and information Sat, 11 Feb 2012 12:04:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: London http://www.moneyhighstreet.com/feature/a-guide-to-tracker-discount-variable-and-capped-rate-mortgages/#comment-2810 London Tue, 22 Dec 2009 04:57:10 +0000 #comment-2810 Buying a house is a life long investment, some people forget that Buying a house is a life long investment, some people forget that

]]> By: MoneyhighStreet Staff http://www.moneyhighstreet.com/feature/a-guide-to-tracker-discount-variable-and-capped-rate-mortgages/#comment-286 MoneyhighStreet Staff Fri, 31 Oct 2008 10:46:46 +0000 #comment-286 Hi Dana. That's an interesting point. I guess that you have to look at the terms of your mortgage to see how your lender handles this situation. Although base rates are now 1% in the United States, it is highly unlikely (but not impossible) that rates in the UK will fall to such a low level. It will be interesting to see what happens to UK base rates next Thursday. I think we can expect at least a 0.5% rate cut. Hi Dana. That’s an interesting point. I guess that you have to look at the terms of your mortgage to see how your lender handles this situation.

Although base rates are now 1% in the United States, it is highly unlikely (but not impossible) that rates in the UK will fall to such a low level. It will be interesting to see what happens to UK base rates next Thursday. I think we can expect at least a 0.5% rate cut.

]]> By: Dana http://www.moneyhighstreet.com/feature/a-guide-to-tracker-discount-variable-and-capped-rate-mortgages/#comment-285 Dana Thu, 30 Oct 2008 21:39:26 +0000 #comment-285 What if rates dropped as low as 1% or lower, do most tracker mortgages have a cut off point to how low the Bank of England's base rate can drop to, and where they are willing to discount their rate to? I have a rate or +0.96 above the base rate, the way things are going I could be paying less than 2% in 12months time if they continue to cut rates. What if rates dropped as low as 1% or lower, do most tracker mortgages have a cut off point to how low the Bank of England’s base rate can drop to, and where they are willing to discount their rate to?
I have a rate or +0.96 above the base rate, the way things are going I could be paying less than 2% in 12months time if they continue to cut rates.

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