jpd said:Of course, when the ECB rate goes down again (it will eventually) hopefully the rates will come down as quickly/slowly as they went up!
As mentioned above the Ts&Cs of each tracker mortgage agreement will state the period of time within which ECB rate changes will be reflected in the tracker rate. I imagine that the same period applies to both rate increases and decreases. However the period may differ from one mortgage/lender to another. If somebody wants to volunteer to collate these details for all tracker mortgages on the market and post the summary details here (or in the Financial Best Buys forum) then that would be great.jpd said:Of course, when the ECB rate goes down again (it will eventually) hopefully the rates will come down as quickly/slowly as they went up!
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