Comments on: My fixed rate mortgage ends in Jan. In my contract it states that my new interest rate will be 2.09% above BBR? http://planning-financial.com/my-fixed-rate-mortgage-ends-in-jan-in-my-contract-it-states-that-my-new-interest-rate-will-be-2-09-above-bbr/ We offer the most comprehensive information on financial planning to help for your financial planners. Check our selected financial planning guides and financial future reviews at our site. Fri, 19 Mar 2010 23:48:41 -0500 http://wordpress.org/?v=2.8 hourly 1 By: eriverpipe http://planning-financial.com/my-fixed-rate-mortgage-ends-in-jan-in-my-contract-it-states-that-my-new-interest-rate-will-be-2-09-above-bbr/comment-page-1/#comment-5948 eriverpipe Mon, 23 Nov 2009 00:02:49 +0000 http://planning-financial.com/my-fixed-rate-mortgage-ends-in-jan-in-my-contract-it-states-that-my-new-interest-rate-will-be-2-09-above-bbr/#comment-5948 You need to carefully look at all the terms. If there is nothing in there to state that there is a low end restriction on the rate, then you should expect to pay as per contract. However it may be that the base rate they are talking about is their own bank base rate, rather than the Bank of England... you need to check that the base rate referred to is that of the Bank of England or the BM's own.

You need to carefully look at all the terms. If there is nothing in there to state that there is a low end restriction on the rate, then you should expect to pay as per contract. But it may be that the base rate they are talking about is their own bank base rate, rather than the Bank of England… you need to check that the base rate referred to is that of the Bank of England or the BM’s own.

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