Major mortgage lender admits it won’t pass on bank rate cut to customers unless they ASK …C0NTINUE READING HERE >>>
MORTGAGE borrowers could overpay bills by hundreds of pounds as a result of a clause buried in the small print of a major lender, experts have warned.
Homeowners on a tracker mortgage usually see their monthly repayments fall if the Bank of England base rate is cut.
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YBS tracker mortgage customers need to ask for repayments to recalculatedCredit: Getty
Earlier this month the key rate was reduced to 4.75% from 5% meaning that if, for example, your mortgage rate had been 3.5% it would move…
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