Just read an article in this morning's paper about the massive drop in profits for the main banks. This statement caught my eye; "The lost profits will make it almost impossible for banks to pass on expected ECB interest rate cuts, of up to 1.25%, to mortgage holders and businesses."
Does this apply to tracker mortgages?
I got a good deal with NIB and was wondering is there any way they can change the terms or take me off the tracker mortgage and put me on a variable rate?
Does this apply to tracker mortgages?
I got a good deal with NIB and was wondering is there any way they can change the terms or take me off the tracker mortgage and put me on a variable rate?