all ECB info here

rameire · 2013-11-07 13:29:21

Ok so the ECB announced today a decrease in the standard rate of 0.25%. This rate is not effective in the markets until next Wednesday. So check your tracker rate mortgage wording. Variable rate mortgage customers will be lucky to get any of this decrease. Most trackers will have to decrease within 7 or 30 days of…

07-11-2013 02:29PM

#1

rameire

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Ok so the ECB announced today a decrease in the standard rate of 0.25%.

This rate is not effective in the markets until next Wednesday.

So check your tracker rate mortgage wording.

Variable rate mortgage customers will be lucky to get any of this decrease.

Most trackers will have to decrease within 7 or 30 days of implentation.
But ts&cs vary.

🌞 3.8kwp, 🌞 Clonee, Dub.🌞

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Comments

#2 07-11-2013 02:52PM

almighty1

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Woohoo my NIB tracker now means I'm paying just .75% in total.

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#3 07-11-2013 09:33PM

opinionated3

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I presume ebs won't pass this on to variable customers like the last decrease?? Not everyone is on trackers. Not sure how this benefits the economy if only a certain percentage of mortgage holders will actually see any benefity from this move

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#4 09-11-2013 11:42AM

JTMan

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opinionated3 wrote: »

I presume ebs won't pass this on to variable customers like the last decrease??

Exactly. BoSI (Certus) were the only bank to pass on the last ECB cut to their variable rate customers.

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