Borrowers could see mortgage rates drop to 0%

The Financial times reported that borrowers who took out tracker rates last year could see their interest rate drop to zero-or possibly into negative territory-as lenders are removing the “collars” that prevent rates falling below a certain level.
Halifax and Nationwide have clauses that prevent existing customers seeing any benefit if the Bank of England base rate falls below 3% and 2.75% respectively. But both lenders have removed these collars following government pressure to pass on this weeks 1% cut to borrowers.
Some lenders could be paying as little as 0.99% since, a year ago, the cheapest tracker rate from Cheltenham & Gloucester, was priced at 1.01% below base rate.

#comments

19 Responses to “Borrowers could see mortgage rates drop to 0%”

  1. Cigarettes smokeless Says:

    Fantastic internet site, exactly where did you come up while using data with this blog post? I’m pleased I observed it although, ill be checking back quickly to determine what other content articles you have.

  2. Smokeless cigarette fan Says:

    I happen to be surfing on the net additional than three hours currently, however I in no way discovered any interesting article like yours. It is pretty worth enough for me. In my view, if all webmasters and bloggers made very good content material as you did, the web will likely be a lot more useful than ever ahead of.

  3. Electric cigarettes Says:

    Good internet site, in which did you come up while using the info in this piece? I’m pleased I discovered it though, ill be checking back quickly to see what other content you’ve got.

  4. Smokeless Cigarettes Says:

    Smokeless Cigarettes provide a genuine alternative to tobacco smoking. Unearth away from which Smokeless cigarette brand is crush because you.

  5. WorkmanPamela23 Says:

    Don’t you know that it is high time to get the credit loans, which will make your dreams come true.

  6. Toi Sickler Says:

    Correspond and Find the win out over Smokeless Cigarette brands. Parade and purchase all the latest and Surmount Rated Smokeless Cigarettes that are available.

  7. gadget kopen Says:

    Incredibly awesome internet site! Had a good deal of fun to read it. Thank you!

  8. Courtney Mcgorry Says:

    This made me smile and hopefully after your last post it will do the same for you:
    off topic but hey you smile :) Stupidity does not qualify as a handicap, park elsewhere!

  9. beatboxers Says:

    I can’t agree with you as it depends on how you view this question. I’d like to discuss this question with you later. God bless u

  10. Lose weight quickly Says:

    Learn the real truth behind how to Lose Fat and Keep it Off.

  11. Josette Witthoft Says:

    This made me smile and hopefully after your last post it will do the same for you:
    Multitasking means screwing up several things at once. :)

  12. conveyancing Says:

    I will visit your blog frequently for some latest post.

  13. conveyancing Says:

    This is a great article. Thanks for sharing this.

  14. conveyancing Says:

    Wicked! Just got a new BB Pearl and I can now read your blog on my phone’s browser, it didn’t work on my old one.

  15. conveyancing Says:

    Such interesting work and reporting! Keep up the good work guys

  16. conveyancing Says:

    Lovely to read!

  17. conveyancing Says:

    This is a great post. Thanks for sharing this.

  18. conveyancing Says:

    Where did you get this theme?

  19. Conveyancing solicitors Says:

    Thanks for posting this article.

Leave a Reply