
Guest
Hi, thanks for getting in contact.
This refers to what happens after a products fixed term has come to an end.
If you had a 2 year fixed rate for example, after that 2 year period you would revert to the lenders variable rate.
In the example stated above the variable rate sounds like it's linked to the BOE base rate meaning it would rise and fall in line with that but could not go lower than 4.25%.
Has this answered your query?
Administrators:
Paul Carmen
Paul Carmen
Top Posters:
Newest Members:
Lavillvap
Jerekioxwes
tgkoknae
GarryInort
NARYTHY121195NERTYTRY
Weireelaw
Akimoxawes
Landexpzwes
NAERTREGE827639NERTHRRTH
Dread_Curly_pysn
Forum Stats:
Groups: 1
Forums: 12
Topics: 165
Posts: 567
Member Stats:
Guest Posters: 1
Members: 12
Moderators: 0
Admins: 1
Most Users Ever Online: 207
Currently Online:
Guest(s) 6
Currently Browsing this Page:
1 Guest(s)
1 Guest(s)
© Simple:Press —