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[Jay w]

Apparently only 25% of lenders passed on the full 1.5% cut last month.

75%  passed on either part or nothing at all of the last cut.

The banks are a disgrace.

All of the taxpayers money that has been used to stop the banks from folding,and yet they are as dismissive as ever of the british people. :-/ :-/ :-/

some banks have chosen not to use that fund, and in doing so feel that the are not at the mercy of the BOE  :-?

I'm with Bristol and west, they dropped 1% this month and the have told me this one will get passed on in the new year......didnt say which month thought

Mines just gone up to £362, mind you i have shortened the term by 10 years....i want rid of the bloody thing

[Field Marshal Dr. Opti]

I don't expect that my lender will pass on the full 1%.....but it will be better than nothing .

[Entwood]

I know the rate drops are good for those with loans .. been there got the t-shirt ( I remember suffering when the rates hit 18% in the late '70's) but spare a thought for those who have saved long and hard to fund retirement ... we are seeing our income plummet.. and no-one seems to give a sh!t.

If you have savings you can't claim any help from government .... even when that governments crap policies have decimated your income from those savings ...

[Jay w]

I know the rate drops are good for those with loans .. been there got the t-shirt ( I remember suffering when the rates hit 18% in the late '70's) but spare a thought for those who have saved long and hard to fund retirement ... we are seeing our income plummet.. and no-one seems to give a sh!t.

If you have savings you can't claim any help from government .... even when that governments crap policies have decimated your income from those savings ...

Certainly not the government........

The government only seem to be interested in those who are of working age and have a home, or are paying tax, the grey voters seem to have been forgotten

[Lazydocker]

My feelings do go out to people who are suffering with the reducing rates but TBH I think the majority are reaping the benefits at the moment. I hope my lender passes on the cut in full... I'll be calling them tomorrow to confirm last months cut and I'll delicately ask the question

[Vamps]

I have  Tracker mortgage with the Halifax and get the full cuts, did not go down as much as I expected last time though

[Lazydocker]

Just spoken to my mortgage company and they've confirmed that they are passing on the full 1.5% reduction from last month and the full 1% from this month

Happy bunny now as it looks like my payments will have dropped by nearly £300 when I get both reductions through!  

Just need to get that money into a savings account now and I'll be laughing [size=8]at the pittance they offer as interest[/size]! Still, can't complain really, just a pity I'd be penalised for overpayment if I kept the mortgage payments the same

[Marks DTM Calib]

my 3.99% fixed rate deal ends in January (no tie in).

Next year, cash may be spent on a small (9m x 3.5m) extension.....given that the VAT is a little lower and saving is close pointless!

[Elite Pete]

can we all please stop talking about interest rate cuts, i'm still on a fixed rate (4.6%) for another 2 years.

We'll come out of it just in time for the rates to go back up i expect

5.7% fixed for another 2 1/2 years. Im going to look around and see if its worth paying the penalty and going elsewhere. I will give my mortgage lender the choice of lowering my rate first or im off. Its worth a try

[Lazydocker]

can we all please stop talking about interest rate cuts, i'm still on a fixed rate (4.6%) for another 2 years.

We'll come out of it just in time for the rates to go back up i expect

5.7% fixed for another 2 1/2 years. Im going to look around and see if its worth paying the penalty and going elsewhere. I will give my mortgage lender the choice of lowering my rate first or im off. Its worth a try

Definitely worth looking at... I'm tempted but want to give it longer as the tracker multiples are higher at the moment so I wouldn't get such a good deal. We had some adverse credit history when taking out this mortgage and still got BoEBR +1.24... I doubt I'd better that at the moment

[Elite Pete]

can we all please stop talking about interest rate cuts, i'm still on a fixed rate (4.6%) for another 2 years.

We'll come out of it just in time for the rates to go back up i expect

5.7% fixed for another 2 1/2 years. Im going to look around and see if its worth paying the penalty and going elsewhere. I will give my mortgage lender the choice of lowering my rate first or im off. Its worth a try

Definitely worth looking at... I'm tempted but want to give it longer as the tracker multiples are higher at the moment so I wouldn't get such a good deal. We had some adverse credit history when taking out this mortgage and still got BoEBR +1.24... I doubt I'd better that at the moment

Our last fixed rate finished last April and we took this one out because rates were starting to rise so we've had it less than a year

[HerefordElite]

can we all please stop talking about interest rate cuts, i'm still on a fixed rate (4.6%) for another 2 years.

We'll come out of it just in time for the rates to go back up i expect

5.7% fixed for another 2 1/2 years. Im going to look around and see if its worth paying the penalty and going elsewhere. I will give my mortgage lender the choice of lowering my rate first or im off. Its worth a try

Definitely worth looking at... I'm tempted but want to give it longer as the tracker multiples are higher at the moment so I wouldn't get such a good deal. We had some adverse credit history when taking out this mortgage and still got BoEBR +1.24... I doubt I'd better that at the moment

Our last fixed rate finished last April and we took this one out because rates were starting to rise so we've had it less than a year

which at the time was a prudent thing to do :-/

i would look at getting out of ours but the early redemption penalty is £5K

[Lazydocker]

can we all please stop talking about interest rate cuts, i'm still on a fixed rate (4.6%) for another 2 years.

We'll come out of it just in time for the rates to go back up i expect

5.7% fixed for another 2 1/2 years. Im going to look around and see if its worth paying the penalty and going elsewhere. I will give my mortgage lender the choice of lowering my rate first or im off. Its worth a try

Definitely worth looking at... I'm tempted but want to give it longer as the tracker multiples are higher at the moment so I wouldn't get such a good deal. We had some adverse credit history when taking out this mortgage and still got BoEBR +1.24... I doubt I'd better that at the moment

Our last fixed rate finished last April and we took this one out because rates were starting to rise so we've had it less than a year

TBH 4.6% isn't a bad rate... I'd be surprised if you could better that with a new product at the moment  :-/ :-/