SMUG post for today.

[Cyberman]

I just opened my mail and have been advised by First Direct that they are reducing the interest rate on my offset mortgage from 5% to 4.5%.

Thus, they are passing on the full cut !!! Not many people can say that.

[The Lone Gunman]

Not many people can say that.

No, just you and X000 other FD customers.

[BolshieBastard]

Even smugger post of the day, what's a mortgage?

[Cyberman]

Not necessarily true because it depends on the type of mortgage, but I must admit after reading yesterday that parent company HSBC were not reducing their rates, I am very surprised indeed to get this good news !!

[TheFaQQer]

I just opened my mail and have been advised by First Direct that they are reducing the interest rate on my offset mortgage from 5% to 4.5%.

Thus, they are passing on the full cut !!! Not many people can say that.

I can.

HTH.

[PM-Junkie]

Even smugger post of the day, what's a mortgage?

Hehehehehehehe.....that is a top post

[BrilloPad]

I just opened my mail and have been advised by First Direct that they are reducing the interest rate on my offset mortgage from 5% to 4.5%.

Thus, they are passing on the full cut !!! Not many people can say that.

And how much is the value of your house going down by?

[sasguru]

So let me get this straight. You're smug because you're paying 4.5% on a huge loan on a massively depreciating asset.
Good, the economy needs mugs like you.

[shaunbhoy]

So let me get this straight. You're smug because you're paying 4.5% on a huge loan on a massively depreciating asset.
Good, the economy needs mugs like you.

Well not everyone is comfortable still living at home with their parents like you sg. Horses for courses and all that. Does Mumsy still do your dobie?

[blacjac]

Not necessarily true because it depends on the type of mortgage, but I must admit after reading yesterday that parent company HSBC were not reducing their rates, I am very surprised indeed to get this good news !!

Really?

they just reduced mine