Base rate

[dot.hawkes]

I know what this is, and as i have a mortgage I get letters occasionally telling me ofr a rise in the rate, can anyone tell me how many roses there have been this year that would have meant an interest rise on my mortgage?

Thankyou

Dotty

P.S. If I sound like i know what I mean do not be fooled, i may need further advice lol

[dot.hawkes]

I mean Rises!!! lol

[factor39]

2007
6th December 5.50 -0.25
5th July 5.75 +0.25
10th May 5.50 +0.25
11th January 5.25 +0.25
2006
9th November 5.00 +0.25
7th September 4.75 +0.25
2005
4th August 4.50 -0.25


For full history click here
http://moneyworld.com/bank-base-rates.htm

[dot.hawkes]

thank you factor39, is it allowed that my mortgage company put the rate up by +.35% instead of +.25% on 1st june 2007? Oh and they have not put the rate down after the drop in the base rate in december either.

[factor39]

yes- they can put rate up or down as much as they want, but most want to remain competitive