More than likely ecb rate cut today 0.25% down to 1%. WOOHOO !
any news on anyone passing on this cut - besides the obvious Trackers ??
Sorry to go off topic, but are there major legal ramifications for banks were they to scrap all current tracker mortgages? Would it be as costly to them as it would be to, for example, a customer to break out of a fixed?
Ulster Bank and First Active say they will not be passing on today's ECB rate cut to their standard variable rate mortgage holders. Ulster Bank says this decision is being taken in consideration of the needs of savers as well as borrowers.
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