Mortgage Rate Rises

bigmike20vt · Saturday at 13:27

{SAS}TB said:
The next portion of our mortgage comes out of its tie in period at the end of next month - Barclays have advised the "default" is onto a 7.24% tracker from the 1.9% it's currently on

Thankfully I will be paying all but about £3k off and the rest will go over the next 2-3 months

how on earth can they justify those rates whilst offering the paltry sum they do to savers?.

ci_newman · Saturday at 14:03

bigmike20vt said:
how on earth can they justify those rates whilst offering the paltry sum they do to savers?.

It's the "too lazy to change" product. They don't expect anyone to stay on that rate

{SAS}TB · Saturday at 14:55

bigmike20vt said:
how on earth can they justify those rates whilst offering the paltry sum they do to savers?.

ci_newman said:
It's the "too lazy to change" product. They don't expect anyone to stay on that rate

This

Obviously there is no way I'd (be able to afford) stay on that rate of i wasn't paying the majority off