Tracker Mortgage Rate Cut Advice

Nov 06, 2008 1 Replies

Hi,



I have a lifetime tracker mortgage with HSBC which states that they cannot charge me more than 1% over the BOE Base Rate. However, last month's half-percent rate cut has still not been passed on. Is there a statutory time limit that HSBC needs to pass this cut on by or am i just going to have to wait uintil they can be bothered?



Thanks in advance John


Have you checked the T&C? A lot of tracker product have a minimum interest rate which you may have hit.

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