Ecb rate

[redcatstar]

My ecb rate was not change from 4.3 after I got my letter giving me my tracker back 0.95
Any advice

 

[Brendan Burgess]

Sorry, you will need to spell out more clearly what your question is.

 

[redcatstar]

Sorry. Should my ecb rate not be lower now like 0.25 instead of 4.3

 

[Stitcher]

ECB rate is 0% at the moment so if you have a 0.95% Tracker then your mortgage interest rate is 0.95%. 4.3% sounds like a standard variable rate SVR. If you went from 4.3% to Tracker rate of 0.95%, your monthly repayments should have gone down considerably, depending on the size of your mortgage.

 

[redcatstar]

Hi
The letter I got in Jan 17 stated my tracker was been given back at 0.95 plus 4.3 , that's why I'm confused

 

[Brendan Burgess]

That makes no sense.

Why don't you type out the exact words in the letter you got.

Brendan

 

[redcatstar]

Hi hope this makes more sense . What I was given back was a tracker at 0.95 with svr of 4.3
Is this the way it should be pls

 

[Brendan Burgess]

It still makes no sense.

You need to post what the actual letter said.

 

[redcatstar]

Will post letter wen I eventually find it among all my documents sorry for the inconvenience. I did find a letter with my balance which states tracker 0.95 with a base rate of 4.3% svr

 

[Brendan Burgess]

Do you have a split mortgage by any chance? With part tracker and part SVR?

Brendan