"New Staff Non-Standard Variable Rate Mortgage - Rate 3.50%
I am confused. If the ECB rate was expected to rise, surely all variable rates would rise, even if it was not "directly linked".3. Not directly linked to ECB Interest movements - important given predicted interest rate increases over coming 6 months
These 1,800 bankers gave up a variable rate which was linked to the ECB rate to a variable rate which could be changed at the lender's discretion.
What am I missing here?