If you're with Cheltenham and Gloucester that is:
linky
Unfortunately, I am with another lender, but Kudos to those of you with C&G...
The Bank of England is expected to cut interest rates to just 1 per cent on Thursday, bringing a windfall to those with interest-only tracker loans.
If it does, Cheltenham & Gloucester customers who took out a deal at 1.01 percentage points below the Bank's base rate will be paying no interest at all.
For technical reasons, they will still have to make payments - 8p a month for a £100,000 loan - but the money will be refunded.
If it does, Cheltenham & Gloucester customers who took out a deal at 1.01 percentage points below the Bank's base rate will be paying no interest at all.
For technical reasons, they will still have to make payments - 8p a month for a £100,000 loan - but the money will be refunded.
Unfortunately, I am with another lender, but Kudos to those of you with C&G...
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